Yes. In some areas of the city the Community Reinvestment Area (CRA) will allow for a reduction in real property taxes for residents. Remodeling projects, like painting or new carpet or even a kitchen remodel won’t typically add to the tax book value and likely will not result in an incentive. However, adding new square footage typically increases a tax bill. The CRA can, in some circumstances, abate a percentage of the new taxes resulting from the addition. Contact the Economic Development Director for assistance as the tool is complex and not all projects will qualify and not all areas of the city are currently covered by a CRA.