How much of a tax abatement can I receive?
Below are the types and levels of tax abatements available:
- Residential Remodeling, 1 or 2 family buildings: 10 years/100%
- Residential Remodeling, 3-4-family buildings: 12 years/100%
- Residential New Construction, 1-4 family buildings: 15 years/100%
- Commercial/Industrial/5+ family Residential Remodeling or New Construction: Term length/percentage to be negotiated on a case-by-case basis in an agreement approved by City Council.

It is important to note that projects must add substantially to the taxable real property value in order to realize significant savings through an abatement. Projects involving new construction, significant expansions, and major rehabilitation (i.e. gutting/reconstructing the interior of a building) will generally add substantial taxable value. Smaller remodeling projects, such as replacing a roof, windows, siding, flooring, appliances, cabinets or furnishings may not result in any change in taxable value.

Show All Answers

1. What is a Community Reinvestment Area (CRA)?
2. How does a CRA tax abatement work?
3. How can a CRA tax abatement help me?
4. How can I qualify for a CRA tax abatement?
5. How much of a tax abatement can I receive?
6. How do I apply for a CRA tax abatement?
7. Who reviews and approves my CRA application?
8. Will a CRA tax abatement reduce the taxes that I paid on the property prior to new construction, expansion or renovation?
9. If I receive a CRA tax abatement, will my taxes go up or down during the abatement period if my property is re-assessed or if a tax levy is passed?
10. What happens to my tax bill at the end of the tax abatement period?
11. Why was this part of Xenia selected for the CRA, and not ALL of Xenia?