Tax Abatement Programs
To help promote the building and growth of our community, the Village of Russia is part of a Community Reinvestment Area. This program is a public/private partnership intended to promote and expand conforming uses within the designated area.
As part of the program, the Village of Russia intends to undertake supporting public improvements within the village limits. Tax abatement programs are available for both industrial, commercial and residential projects within the village limits.
We encourage those who are interested in building or improving existing qualified properties to explore the tax abatement programs available within the village.
Residential Tax Abatement Program
The Village of Russia Community Reinvestment Area (CRA) Tax Abatement Program provides a benefit for residents who construct new homes or substantially improve their existing homes within the Village of Russia.
Industrial Tax Abatement Program
The entire Village of Russia is a part of a Community Reinvestment Area. The opportunity exists for a property tax abatement of up to 100% for up to 10 years.