Neighborhood Investment Districts and Residential Tax Incentives
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2014 Program Guidelines
As part of the Residential Tax Incentives (RTI) program, the Neighborhood Investment Districts (NIDs) and the Community Reinvestment Areas (CRA) programs are designed to stabilize neighborhoods and upgrade housing units in specific areas of the City of Columbus. These areas also have public and private investment occurring and new housing will complement, stabilize, and boost existing investments. Applicant and property criteria for participation in this program are outlined below.
NIDS and CRA Information
The NID and CRA designations approved by City Council are listed below. The NIDs and CRAs have various expiration dates.
Properties must be located within one of the Neighborhood Investment Districts (NIDs) or Community Reinvestment Areas (CRAs) to be eligible for tax abatement. Click on a NID/CRA for map and boundary description
NIDs- Area A Linden ; Area B North of Broad to I-670; Area C South Side; Area D Hilltop; Area E South of Main ; Area F Weinland Park; Area G Franklinton (click here for NID and CRA boundary descriptions)
CRAs- Brewer's Yard , Gibbard, Jeffrey Square ; Oak Street; Livingston & James , Short North and 5th by Northwest
Beneficiaries of the Residential Tax Incentive Program are: existing owner-occupants who upgrade their property within the NID/CRA designated areas; buyers of a new single family home constructed in one of the NID/CRA designated areas; landlords who invest a substantial amount to upgrade rental property; buyers of condominiums converted from rental or commercial use. All will continue to pay the property taxes that were existing on the property prior to the improvements. A builder of new homes will not get the tax benefit.
The neighborhoods and schools will also benefit. The schools will continue to receive the current, existing property taxes.
Eligible Applicants and Tax Benefit
Homebuyers who purchase new infill housing will continue to pay taxes on the land value of the home which will likely increase after construction. However, taxes on the value of the newly built home structure will be abated for 15 years.
Owner-occupants of single family homes making improvements of at least 20% of the current tax value of the existing property, will be exempt from paying property taxes for 10 years on any increased value of their property due to improvement.
Owners of rental property who make improvements of at least 50% of the current tax value of their property will be exempt from paying property taxes for 12 years on any increased value of their property due to improvement.
Property tax exemptions will be based on increased valuation of the property, due to significant improvements. Existing property taxes will continue to be paid.
After the improvements are completed (new construction, renovation of existing housing or conversion of existing housing from rental to homeownership in the designated areas), the City of Columbus certifies the completed work to the Franklin County Auditor. The Auditor makes a determination of the increase in value. The value of the increase will be exempted from property tax.
Click here for Application Checklist
Click here for Phase One and Phase Two Application
|Inside NIDs |
|New Construction ||Renovation or Conversion (more than 2 units) ||Renovation (2 units or less) |
|Owner Occupied Only ||*Owner Occupied ||*Owner Occupied |
|No Rentals Eligible ||**Existing Rentals ||**Existing Rentals |
|100% for 15 years ||100% for 12 years ||100% for 10 years |
|Neighborhood Compatibility Test ||Neighborhood Compatibility Test ||Neighborhood Compatibility Test |
* Owner occupied requires minimum 20% investment of assessed building value in renovation.
** Rental requires minimum of 50% investment of assessed buildings tax value in renovation.