Who reviews and approves my CRA application?

The City Planner will review residential applications, and the Economic Development Coordinator will review commercial/industrial applications, to ensure proper documentation has been submitted and will inspect the property to ensure that the application information is consistent with actual work completed. Commercial/industrial applications will additionally be forwarded to City Council for approval.

Once approved, the application will be forwarded with a certification to the County Auditor. The County Auditor will then make a final determination on the actual increase in taxable value generated by the new construction, expansion or renovation project. The Auditor will then apply the approved abatement to future tax bills.

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1. What is a Community Reinvestment Area (CRA)?
2. How does a CRA tax abatement work?
3. How can a CRA tax abatement help me?
4. How can I qualify for a CRA tax abatement?
5. How much of a tax abatement can I receive?
6. How do I apply for a CRA tax abatement?
7. Who reviews and approves my CRA application?
8. Will a CRA tax abatement reduce the taxes that I paid on the property prior to new construction, expansion or renovation?
9. If I receive a CRA tax abatement, will my taxes go up or down during the abatement period if my property is re-assessed or if a tax levy is passed?
10. What happens to my tax bill at the end of the tax abatement period?
11. Why was this part of Xenia selected for the CRA, and not ALL of Xenia?