Page last updated on March 23, 2026 at 2:00 pm
The City of Bloomington recognizes tax abatement as a potentially useful economic development tool. Indiana law (I.C. 6-1.1-12.1) allows a tax abatement for between one and 10 years on the increased assessed valuation resulting from the construction or rehabilitation of real property. Additionally, the law allows for tax abatement for up to 10 years for the installation of personal property (certain types of equipment).
Applying for Tax Abatement
Applications for tax abatement are considered on a case-by-case basis and in accordance with the General Standards outlined in the Tax Abatement Guidelines adopted by City Council. Download the City of Bloomington tax abatement guidelines and application.
To inquire about applying for a tax abatement and to obtain the full City of Bloomington application, please contact the Department of Economic & Sustainable Development.
State of Indiana Forms
Real Estate
- Indiana Statement of Benefits - Real Estate Improvements (Form 51767 SB-1 / RE)
Indiana Compliance With Statement of Benefits - Real Estate Improvements (Form 51766 CF-1 / RE)
Personal Property