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Significant Features of the Property Tax™

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Incentives for Specific Property Improvements

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States create incentive programs to encourage property owners to undertake particular types of improvements that meet the goals of the jurisdiction. Programs typically fall into three broad types: preservation and rehabilitation of historic properties, addition of energy-efficient climate control systems, and installation of equipment and machinery to control pollution and/or conserve energy. In most states, the incentive may be a temporary full exemption, a temporary partial exemption, or a permanent exemption from taxation of the increased value resulting from the specific improvement to the property. 


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To reference this webpage/table, please use the following citation:

Significant Features of the Property Tax. http://lincolninst.edu/subcenters/significant-features-property-tax/Report_Encourage_Specific.aspx. Lincoln Institute of Land Policy and George Washington Institute of Public Policy. (Incentives for Specific Property Improvements; accessed: 3/16/2010 1:20:26 AM)


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