- Rehabilitated or Replacement structures, including residential and multi-family properties.
- New Construction within redevelopment and Conservation Areas and Rehabilitation Districts, including new construction designed to assist rehabilitation of pre-defined districts or areas within the city.
Tax Abatement for Rehabilitated Structures:
- Single Family, Multifamily, Commercial, Industrial, Mixed Use (Inside the Enterprise zone) has a 10 year Program; First 7 years at 100% then decreases by 25% each after until it's gone.
- Commercial, Industrial Mixed Use (Outside the Enterprise Zone) has a 7 year Program; First 5 years at 100% and then decreases by 33% each year after until gone.
Source: Rehab Programs for the City of Richmond, Office of the Assessor of Real Estate City of Richmond
WandaFears, Realtor ABR CRS GRI WCR
Richmond, Va. Long and Foster Realtors