Residential Rehabilitation Property Tax Abatement Program

How it works

The City of Newport News has a Residential Rehabilitation Property Tax Abatement Program for rehabilitated residential structures. The page is a calculator meant to estimate how much property tax relief a homeowner could receive over 10 years.

What the money covers

The calculator is based on:

• Your building’s current assessed value (improvements only)
• How much you plan to spend on eligible improvements

The page does not list the full eligible work categories on this calculator page, but it clearly ties the abatement to spending on eligible residential rehabilitation improvements.

Amounts and matching

The calculator says the minimum amount you must spend on improvements will be calculated from your residential assessed value. It also shows a savings summary over 10 years.

The calculator assumptions include:

• A 2% annual increase beginning in year 3
• Property tax savings based on the rehabilitation calculator inputs

The page does not state the abatement percentage, the exact tax reduction formula, or a maximum dollar cap.

How to apply

For more information regarding qualification, the page directs residents to Real Estate Tax Abatement for Rehabilitated Residential Structures. It also says to call the Commissioner of the Revenue at 757-926-8653 with questions.

Timing and deadlines

The calculator page does not provide application deadlines, opening dates, or closing dates.