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Community Enhancement administers the program. The Assessor's Office is responsible for field inspections to verify the existing and rehabilitated, renovated, or replaced structure. The Assessor's Office will also determine the base value and the value after renovation.
You have four options - pick the one that works best for you:
You must first have a building permit issued for the work. Then fill out and submit your application.
There are several steps in the process:
The property owner.
The exemption is awarded for the calendar year after completion and inspection of the rehabilitation, renovation, or replacement of the structure. The time required varies based on:
Yes, if the building to be demolished meets minimum building age requirements and the replacement building meets applicable program standards (such as minimum increased assessed structure value).
Yes, if all the other program qualifications are satisfied. It is highly recommended to apply for the tax exemption before you demolish the existing structure. That way, the Assessor's Office may more accurately determine the existing building's value.
The book value of the structure, per the records of the Assessor's Office, will be used as the base value.
After the county receives a complete application for a project that may meet program qualifications, the Assessor's Office will contact you to arrange an inspection of the existing building. Please wait on demolition activities until after the inspection is made.
Two years from the date that the Assessor's Office determines the base value of the structure.
You may reapply, using a new application form.
Several rules apply, based on project type:
Yes, so long as the project meets applicable program criteria.
Rehabilitation, renovation, or replacement of a structure that is at least 25 years old (35 years for hotels and motels only). Commercial or industrial projects located in a Technology Zone may qualify for structures that are at least 15 years old.
Any improvement to the structure that increases its assessed value by at least 10% (residential), 15% (commercial and industrial), or 25% (historic). This typically involves:
Several types of improvements and/or replacement projects don't qualify for an exemption.
Community Enhancement will address questions about your application, program qualification, and other technical questions. The Assessor's Office will address questions related to inspections and assessed valuation.