Property tax exemptions are one tool that many local communities use as an incentive to attract new businesses and promote the expansion of existing businesses. These exemptions, often referred to as “Tax Abatements”, are offered solely at the discretion of the local unit of government. Policies and formulas for determining the term of years to be granted and other qualifications vary with each community.

MCPED is the authoritative source for identifying which property tax exemptions are available to you, and for helping you to secure those exemptions. As a free and confidential service, staff will provide you with turn key management of the entire process, taking off of your hands the most time consuming and labor intensive components and serving as your direct liaison to the local community to which you must apply for these benefits.