• Property Tax Abatement
Property Tax Abatement is authorized under lndiana Code
6-1.1-12.l in the form of deductions from assessed valuation. Any
property owner in a locally designated economic revitalization area
who makes improvements to real property or installs new manufacturing
equipment is eligible for property tax abatement. Land does not
qualify for abatement. Used manufacturing equipment may also qualify
as long as such equipment is new to the state of Indiana. Equipment
not used in direct production, such as office equipment, does not
qualify for abatement.
Real Property Tax Abatement Calculation
| Year |
Three-Year
Abatement |
Six-Year
Abatement |
Ten-Year
Abatement |
| 1 |
100% |
100% |
100% |
| 2 |
66% |
85% |
95% |
| 3 |
33% |
66% |
80% |
| 4 |
|
50% |
65% |
| 5 |
|
34% |
50% |
| 6 |
|
17% |
40% |
| 7 |
|
|
30% |
| 8 |
|
|
20% |
| 9 |
|
|
10% |
| 10 |
|
|
5% |
|
