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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.

Effected JurisdictionCity of Wilmington
Jurisdiction type: Municipality
Fiscal year ending In2021
Program name10-Year Abatement of City Real Estate Taxes
Program purpose: Construction/rehabilitation
Statutory authority: City Code Chapter 44
Abating jurisdiction(s): City of Wilmington
Applicable taxesReal Estate Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $1,146,523
Reimbursement / offset: $0
Net revenue loss: $1,146,523
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.wilmingtonde.gov/government/city-departments/department-of-f...