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Real Property Tax Abatement
Abatement Description
Real property tax abatement is a phase-in of the taxes generated by new assessed value from new building construction. Taxes on the land are not eligible for abatement. This discretionary incentive is granted by the City Council. Certain types of business uses also require action by the Economic Development Commission prior to the approval by the City Council.

Deduction Schedule

A 10-year deduction schedule is typically considered for commercial and industrial applicants.
 Year  Tax Abatement Amount
1 100%
2 95%
3 80%
4  65%
5  50%
6  40%
7  30%
8  20%
9  10%
10  5%

Important Notice About Building Permits
Completion of the abatement approval process is required prior to the issuance of a building permit.

Online Forms, Applications & Documents

Director of Development
Email

Ph: 219-942-5517
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City of Hobart
414 Main St.
Hobart, IN 46342
Ph: 219-942-CITY