​Tax abatement is offered by local governments in south central Indiana to attract private investment and job creation. Abatement exempts from property tax all or part of the new assessed value or the increased assessed value of a new investment. The exemption is for between 1 and 10 years. In most cases, tax abatement reduces the owner’s property tax bill by about 50 percent over the full abatement period.

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Tax abatement can be granted on:

• Real property

• Personal property

• New construction (only to the increase in assessed value attributed to the new construction)

• Property rehabilitation (only to the increase in assessed value attributed to the rehabilitation)

• Any new or used manufacturing equipment that has not previously been taxed in Indiana

• Personal property such as laboratory equipment and computers used in experimental research and development laboratories

Click here to link to our partner Hoosier Energy’s tax abatement estimator, which will allow you to estimate the value of a potential tax abatement in your investment.