The NRA Tax Rebate Program is a way to receive a five-year rebate on the increased taxes actually paid, as an incentive for improving your property with new construction or rehabilitation projects located within the Neighborhood Revitalization Area (NRA) boundaries. If your property qualifies and your taxes are current you will receive a minumum rebate of 25% of your paid increased taxes. To determine if your home or property is located in the NRA, see the Neighborhood Revitalization Areas & Related Boundaries Map.
The NRA Tax Rebate Program is available for owners of single-family dwellings, multi-family dwellings, or commercial/industrial properties.
Tax rebates apply to increased taxes actually paid on the improved value of a property and do not apply to existing property taxes.
Tax incentives are a valuable tool for residential and commercial revitalization. New infill construction, as well as rehabilitation of existing residential and commercial properties, produces benefits not only to the immediate neighborhood, but to the entire community.
Prior to beginning the project, the owner shall apply for a building permit and attach a copy to the application. Property owners planning improvement projects may submit an application to the City Manager’s Office. The application must be submitted within 180 days of the issuance of the building permit.
The application details the property type, stipulates the type of improvement to be made including a timeline for completion and asks for any supporting documents appropriate for the type of application.
At the customary time, the County Treasurer shall mail tax statements based on the new appraised value. The tax rebate procedure will commence once all property taxes are paid in full. Only a portion of the increase in taxes will be rebated less any applicable administrative fees. The County Treasurer will perform the calculation of the final rebate amount* based on the actual appraised value.
The City will process applications as they are submitted with no monthly or quarterly deadlines. Applications are available for download, NRA Tax Rebate Program Brochure in the Office of Central Inspection, 7th floor or in the City Manager’s Office, 13th floor, City Hall at 455 North Main, or by emailing email@example.com
Download the NRA Tax Rebate application and Vendor registration form