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.
| State or Territory: | Virginia |
| Effected Jurisdiction: | City of Norfolk |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2020 |
| Program name: | Tax Abatement Program |
| Program purpose: | Property improvements |
| Statutory authority: | Norfolk Code Section 24-203 & Section 27-76 |
| Abating jurisdiction(s): | City of Norfolk |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). |
| Gross revenue loss: | $3,365,594 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,365,594 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
