Commercial Property Tax Abatement Calculator

Commercial Rehabilitation Property Tax Abatement Program Calculator
For more information regarding Property Tax Abatement qualification, please visit Real Estate Tax Abatement for Rehabilitated Commercial Structures. If you have further questions about this program, please call Derek Perry at 757-597-2840.

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The minimum amount you must spend on improvements will be calculated from your business' assessed value. You may increase this number as needed.


Savings Summary Over 5 Years Using the Program
Your current annual real estate tax (improvements only) would be .

You could save over 5 years using this program.

Years Following Improvements Property Assessment Current Annual Property Tax Annual Tax Abatement Tax After Abatement
Year 1



Year 2



Year 3



Year 4



Year 5



Assumes a 2% annual increase beginning in year 3.