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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.

StateVirginia
Effected JurisdictionCity of Roanoke
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameReal Estate Rehabilitation Abatements
Program purpose: General Economic Development
Statutory authority: Chapter 32, Article II, Division 5 of Code of Ordinances of the City of Roanoke
Abating jurisdiction(s): City of Roanoke
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $1,602,710
Reimbursement / offset: $0
Net revenue loss: $1,602,710
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.roanokeva.gov/DocumentCenter/View/18436/Annual-Financial-Rep...