Tax Abatement
The City of Bloomington recognizes tax abatement as a potentially useful economic development tool. Applications for tax abatement are considered on their merits on a case-by-case basis. Indiana law (I.C. 6-1.1-12.1) allows tax abatement for between one to 10 years on the increased assessed valuation due to construction or rehabilitation of real property. Additionally, the law allows for tax abatement for up to 10 years for installation of new manufacturing equipment. Please use the following links to view a complete program description and necessary application forms.
- City of Bloomington Tax Abatement Guidelines (pdf) (PDF 135.59 KB)
- Indiana Statement of Benefits - Real Estate Improvements (Form SB-1 / RE)
- Indiana Compliance With Statement of Benefits - Personal Property (Form CF-1 /PP)
- Indiana Compliance With Statement of Benefits - Real Estate Improvements (Form CF-1 / RE)
To inquire about applying for a tax abatement, please contact the Department of Economic & Sustainable Development.