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Phone

Address:

1500 East Main St
Suite 400
Richmond, VA 23219

 

LinkedIn:

Commercial Real Estate Tax Abatement Program Contact

For more information, or to apply for the Commercial Real Estate Tax Abatement Program, contact:

 

Carla Childs, Management Analyst, Senior

(804) 646-7438

carla.childs@richmondgov.com

Commercial Real Estate Tax Abatement Program 

 

 Program Details

  • 10-year program
  • First 7 years at 100%, then decreases by 25% each year after until it's gone

 Qualifications

  • Must be in an Enterprise Zone
  • The structure must be at least 20 years old
  • You must increase the Improvement Value by at least 40%
  • You must have an active permit on file with Planning and Development Review (room 511 of City Hall)
  • Additions/Replacement
  • Structures cannot exceed the total square footage of the qualified structure by more than 100%
  • Must meet Zoning Requirements
  • Applications in Historic Zones will be forwarded to the Architectural Review Board for review

 Applications

  • Download the application here. Application is a fillable form and can be filled out online.
  • Applications should be mailed/emailed to the DED's office with a $250.00 check or money order and a copy of the building permit
  • Must inform DED's office, in writing, when work is complete
  • Once qualified, the credit begins January 1 following the receipt of the Final Value Request
  • Applications expire 24 months from the date of application

To learn more, review the flyer:

Click to enlarge or download. 

Commercial Tax Abatement Flyer