Local Economic Revitalization Tax Abatement  (LERTA)

To encourage business expansion that may encompass the reuse of existing buildings or construction of new facilities

Any business and/or developer purchasing land for construction of a new business facility or improving existing buildings in a way which would cause existing tax assessment of the property to change

Any expansion project or improvement that adds value to the property which causes the current market value assessment to increase

N/A

• not a full release of taxes but a phase-in of full taxation over a certain period of time as dictated by the local municipality
• length of exemption period dictated by the local taxing bodies (city, school, county)

Please contact Larry Morgan for full details and assistance.