What is Tax Abatement? Tax abatement programs are prevalent in many areas, including Cincinnati, to provide financial incentives in the form of tax exemptions which reduce property taxes. In Cincinnati, this incentive is tied to the level of LEED certifications for new and remodeled homes, allowing homeowners to pay taxes only on the pre-improved value, or land value for a new home, of their property for up to 15 years. The simple goal is intended to benefit the City by incentivizing individuals to build high-quality sustainable homes in Cincinnati. With the construction of these homes, the City enjoys a number of direct and indirect benefits from this investment including:...
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