Local county government offers tax abatement to encourage job creation and private investment in Greene County.
Tax abatement may be granted on:
- Real property;
- Personal property, along with personal property that would include laboratory equipment and computers used in research or development labs;
- New construction (only to the increase in assessed value for the new construction);
- Property rehabilitation (only to the increase in assessed value for the rehabilitation);
- New or used manufacturing, research or development equipment not previously taxed in Indiana.
The exemption from property tax is for all or part of the new assessed value or the increased assessed value. The exemption would last between 1 and 10 years, with payments of property taxes phased in incrementally over that period of time.