DEMOLITION/REBUILD INCENTIVE FREEZES PROPERTY TAXES

The Demolition/Rebuild Incentive is designed for any homeowner who replaces an existing, older home with a new one. The incentive is that the City portion of property taxes actually paid to the City on the new structure, above the previous value, will be rebated by way of a grant for a period of seven years beginning January 1 of the year following completion of the project – essentially freezing the property taxes on the structure for the first seven years. If you have any specific questions regarding the Demolition/Rebuild Incentive Program, please call 972.919.2515 or send an email to: