Community Reinvestment Area

CRAs provide local real property tax incentives for residents and businesses that invest in designated areas in Ohio. The program provides up to a 100% exemption of the improved real property tax valuation for up to 15 years, depending on the project. Rates and terms are established by local legislative authorities and in some cases local school board approval is required. Incentives are available for residential, commercial, and industrial projects that involve renovation or new construction.

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