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City of Cincinnati - Property Tax Abatement for Green Buildings (Ohio)
Incentive/Active true  +
Incentive/Amt Residential New Construction: 100% tax aba
Residential New Construction: 100% tax abatement for 15 years<br /> Residential Renovations: 100% tax abatement for 10 years<br /> Commercial New Construction: Effective 75% tax abatement for 8-15 years<br /> Commercial Renovations: Effective 75% tax abatement for 8-12 years<br /> Commercial Renovations: Effective 75% tax abatement for 8-12 years<br />
% tax abatement for 8-12 years<br />  +
Incentive/ApplDsc Commercial  + , Industrial  + , Residential  + , Multi-Family Residential  +
Incentive/Auth2Code City Ordinance 446-2007  +
Incentive/Auth2DtEnact 2007-12-12  +
Incentive/Auth2Link http://city-egov.cincinnati-oh.gov/Webtop/ws/council/public/child/Blob/21605.pdf?rpp=-10&m=2&w=doc_no='200701240'  +
Incentive/Auth3Code City Ordinance 502-2012  +
Incentive/Auth3DtEff 2013-02-01  +
Incentive/Auth3DtEnact 2012-12-19  +
Incentive/Auth3Link http://city-egov.cincinnati-oh.gov/Webtop/ws/council/public/child/Blob/36759.pdf?rpp=-10&m=1&w=doc_no='201201741'  +
Incentive/AuthCode City Ordinance 182-2007  +
Incentive/AuthDtEff 10/23/2007 (amended December 2007)  +
Incentive/AuthDtEnact 2007-05-16  +
Incentive/AuthLink http://city-egov.cincinnati-oh.gov/Webtop/ws/council/public/child/Blob/20406.pdf?rpp=-10&m=2&w=doc_no='200700567'  +
Incentive/ContAddr 805 Central Avenue, Suite 700  +
Incentive/ContDept Cincinnati Dept. of Community Development  +
Incentive/ContEmail eric.denson@cincinnati-oh.gov  +
Incentive/ContName Eric Denson  +
Incentive/ContPhone (513) 352-4981  +
Incentive/ContPhone2 (513) 352-6146  +
Incentive/ContPlace Cincinnati, Ohio  +
Incentive/ContWebsite http://www.cincinnati-oh.gov/community-development/  +
Incentive/ContZip 45202  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/EquipReqs Buildings must achieve LEED certification<br /> Commercial buildings: minimum investment of 40,000  +
Incentive/ImplSector Local  +
Incentive/MaxInc For buildings with permits received on or
For buildings with permits received on or before '''January 31, 2013''':<br /> 562,792 maximum improved market value for residential buildings ''except'' no limitation with LEED Platinum certification (the maximum incentive increases by 3% every year)<br /> For buildings with permits received after '''January 31, 2013''': <br /> 275,000 improved market value for Non-LEED certified and LEED-certified buildings<br /> 400,000 improved market value for LEED Silver buildings<br /> 562,000 improved market value for LEED Gold buildings<br /> No limit for LEED Platinum buildings<br /> 275,000 per dwelling for multi-unit (4 or more) buildings
lling for multi-unit (4 or more) buildings  +
Incentive/Name City of Cincinnati - Property Tax Abatement for Green Buildings  +
Incentive/ProgAdmin Cincinnati Dept. of Community Development  +
Incentive/StartDate October 23, 2007  +
Incentive/StartDateString 10/23/2007 (amended December 2007)  +
Incentive/Summary The City of Cincinnati offers property tax
The City of Cincinnati offers property tax abatements for residential and commercial buildings constructed or renovated to meet LEED certification standards. The original green building tax abatement ordinance was passed in 2006 and has been amended four times since, culminating in the current abatement rules clarifications passed December 19, 2012. The incentive is available for any building within city limits and does not require a demonstration of financial need. The residential designation applies to structures with up to three units and residential condominiums, while residential structures with four or more units are classified as commercial buildings. Industrial structures are also eligible to receive incentives under the commercial program. '''An agreement must be executed with the Department of Community Development before construction begins.''' The tax abatement rules for buildings that received permits '''on or before January 31, 2013''' are as follows:<br> <br> '''Residential Buildings''' * 100% property tax abatement for 15 years (new construction) or 10 years (existing building retrofits) up to $562,792 * Market value limit increases by 3% each year * No value limitation for structures that achieve LEED Platinum certification * Minimum investment of $2,500 for one- and two-unit structures (new construction or rehab) and a minimum investment of $5,000 for 3-unit structures is required. '''Commercial and Industrial''' * 100% tax abatement (before payment in lieu of taxes) for 15 years (new construction) or 12 years (existing building renovations) * No cap on the value of improvements * Requires an agreement signed prior to the start of construction that must be approved by the City Council * Owner must enter into an agreement with the local Board of Education district to pay the board an amount equal to 25% of the avoided property taxes, effectively making the tax abatement 75%. * Application fee of $750 to the State of Ohio, plus an annual fee amounting to 1% of the value of the tax abatement with a minimum of $500 and a maximum of $2,500. Tax abatements for buildings that received permits '''after January 31, 2013''' are as follows: '''Residential Buildings''' * 100% property tax abatement for 15 years (new construction) or 10 years (existing building retrofits) up to $275,000 for Non-LEED certified and LEED-certified buildings; $400,000 for LEED Silver buildings; and $562,000 for LEED Gold buildings * No value limitation for structures that achieve LEED Platinum certification * Minimum investment of $2,500 for one- and two-unit structures (new construction or rehab) and a minimum investment of $5,000 for 3-unit structures is required. '''Commercial and Industrial''' * 100% tax abatement (before payment in lieu of taxes) for 8-15 years; see below chart * No cap on the value of improvements, except multi-unit (4 or more) residential buildings are limited to $275,000 per dwelling unit * Requires an agreement signed prior to the start of construction that must be approved by the City Council * Owner must enter into an agreement with the local Board of Education district to pay the board an amount equal to 25% of the avoided property taxes, effectively making the tax abatement 75%. * Application fee of $750 to the State of Ohio, plus an annual fee amounting to 1% of the value of the tax abatement with a minimum of $500 and a maximum of $2,500. * [http://www.cincinnati-oh.gov/community-development/neighborhood-development/cra-commercial-tax-abatement-program/ Additional provisions] apply to commercial buildings using Community Reinvestment Area LEED abatements. The duration of the commercial tax abatement varies by certification level and type of building and improvements, per the chart below: {
{  +
Incentive/TechDsc Comprehensive Measures/Whole Building + , Passive Solar Space Heat + , Solar Water Heat + , Solar Space Heat + , Photovoltaics + , Wind + , Daylighting +
Incentive/Type Property Tax Incentive +
OpenEI/PageDescription City of Cincinnati - Property Tax Abatement for Green Buildings: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Ohio  + , Property Tax Incentive  + , Cincinnati Dept. of Community Development  +
Place Ohio: Energy Resources +
Website http://www.cincinnati-oh.gov/community-development/housing-assistance/residential-property-tax-abatement/  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
Modification date
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18:34:48, 12 February 2015  +
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