Commercial Rehabilitation Property Tax Abatement Program Calculator
For more information regarding Property Tax Abatement qualification, please visit Real Estate Tax Abatement for Rehabilitated Commercial Structures. If you have further questions about this program, please call Meisha Holmes at (757) 597-2840.
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Savings summary over 5 years using the program
Your current annual real estate tax (improvements only) would be .
You could save over 5 years using this program.
| Years following Improvements | Property Assessment | Current Annual Property Tax | Annual Tax Abatement | Tax after Abatement |
|---|---|---|---|---|
| Year 1 | ||||
| Year 2 | ||||
| Year 3 | ||||
| Year 4 | ||||
| Year 5 |
Assuming a 2% annual increase beginning in year 3.
