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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.

StateIndiana
Effected JurisdictionCity of Fort Wayne
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameReal Property Tax Abatements
Program purpose: General Economic Development
Statutory authority: Indiana Code 6-1.1-12
Abating jurisdiction(s): Fort Wayne
Applicable taxesReal Property Tax
Method of abatement: Tax Abatement
Provisions for recapture: Some - Although the City does not have any formal policy concerning the recapturing of abated taxes should the recipient not fulfill their agreed requirements, once the City becomes aware of such a situation, the abatement could be terminated based on Fort Wayne Common Council determination.
Gross revenue loss: $2,295,859
Reimbursement / offset: $0
Net revenue loss: $2,295,859
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cityoffortwayne.org/controllers-office.html