CRA Commercial Tax Abatement Program

Program Overview

The City of Cincinnati offers a tax abatement program to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in such cases where the new or renovated facilities will result in job creation.


 

Eligibility Criteria and Required Investment

A minimum of $40,000 must be spent on renovation improvements.  The abatement rate is up to 75% tax exemption on building improvements. All commercial tax abatements qualify only on the basis of a financial gap analysis and job creation; however, projects that are LEED Silver, Gold, or Platinum will not be subject to any financial gap analysis.

 

Duration of Commercial Tax Abatement

 
 
Renovation
New Construction
 
 Residential (4 or more units)
 Commercial / Industrial / Mixed-Use
Residential (4 or more units)
Commercial / Industrial / Mixed-Use
Non-LEED
up to 8 years
up to 12 years
up to 8 years
up to 15 years
LEED Certified
up to 8 years
up to 12 years
up to 8 years
up to 15 years
LEED Silver
12 years
12 years
15 years
15 years
LEED Gold
12 years
12 years
15 years
15 years
LEED Platinum
12 years
12 years
15 years
15 years

 

Required Applications and Paperwork


Initial Application for Commercial Tax Exemption

This application is to be completed by any company interested in a commercial tax abatement through the City of Cincinnati prior to beginning construction.

 

Subsequent Application upon Project Completion

This form is required to be submitted upon project completion. The tax abatement will take effect after review and processing of this application.

 

Annual Status Application

This form is required to be submitted each year by existing tax abatement recipients. It must be submitted by March 5th of each year of the tax abatement period. In addition, an annual fee will be collected of 1% of the annual tax exemption, but not less than $500 or more than $2,500.  This fee is payable with submission of Annual Report due March 5th of each year the tax abatement is in effect.

 

Additional Information

For more information, contact the Department of Community Development at 513-352-6146 or communitydevelopment@cincinnati-oh.gov.

 

Please note that there is a $750 application fee payable to the Ohio Department of Development.