Downtown Incentive
Summary
Only specifically designated "Commercial" properties in the National Register Historic District are eligible for this tax abatement refund.
Only specifically designated "Commercial" properties in the National Register Historic District are eligible.
- Eligible work: structural, electrical, plumbing, mechanical and exterior restoration.
- Cost of eligible repairs and improvements may not be duplicated for any other grant program.
- In-fill buildings are not eligible.
- Cost of eligible repairs and improvements may not be duplicated for any other grant program.
- Refunds the cost of eligible repairs and improvements not to exceed the amount of paid property tax.
- Ex: Paid PT $1,250, Improvements $1,000, Refund $1,000.
- Ex: Paid PT $1,250, Improvements $5,000, Refund $1,250.
- Applications are mailed to eligible properties in January by the office of Economic Development.
- Completed applications are due to the office of Economic Development no later than February 15th.
Incentive Documents
hrtar-application.pdf