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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateOhio
Effected JurisdictionCity of Cleveland
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameCommunity Reinvestment Area (CRA) Program
Program purpose: Community development
Statutory authority: Ohio Revised Code 3735
Abating jurisdiction(s): City of Cleveland, Ohio
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: The tax abatement is revoked when the tax abated property has code violations and the property is not maintained and/or when the portion of taxes on a property or parcel that was not abated becomes delinquent.
Gross revenue loss: $5,819,000
Reimbursement / offset: $0
Net revenue loss: $5,819,000
Type of loss: Active
Additional notes on dislosure2018 CAFR has not been released
Document sourcehttps://www.clevelandohio.gov/taxonomy/term/206