Residential Rehabilitation Property Tax Abatement Program Calculator
For more information regarding Property Tax Abatement qualification, please visit Real Estate Tax Abatement for Rehabilitated Residential Structures. If you have further questions about this program, please call the office of the Commissioner of the Revenue at (757) 926-8752.
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Savings summary over 10 years using the program
Your current annual real estate tax (improvements only) would be .
You could save over 10 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 | ||||
| Year 6 | ||||
| Year 7 | ||||
| Year 8 | ||||
| Year 9 | ||||
| Year 10 |
Assuming a 2% annual increase beginning in year 3.
