The City of Loveland offers very competitive tax incentives for businesses looking to relocate, expand or redevelop property inside the community.  Businesses may receive 100% abatement on real property tax for up to 15 years.  The following determines if a project will get the full abatement value:

1. The business may receive one year of tax abatement for each $250,000 invested in the building, up to a five year maximum.
2. The business may receive one year of tax abatement for each ten (10) new employees to be employed in the building, up to a five year maximum.
3. The business may receive one year of tax abatement for each $200,000 of new payroll inthe new building, up to a five year maximum.

If an abatement lasts four (4) or more years, the City requires that the business make a payment-in-lieu-of-taxes to Loveland City School District equal to 15% of the value of the tax abatement.  Thus, in the fourth and subsequent years, the actual value of the abatement is 85% of the real estate taxes that would have been paid on the building expansion.

To read more or to download an application, click on the tax abatement application to the left.  If you have any questions, call Jeff Wright, Assistant City Manager at (513) 683-0150, extension 1459 or Email him at JWright@Lovelandoh.com.