Richmond VA > Assessor's Office > Rehabilitation Details

Last Updated: 2015-07-28

Single Family Residential (1-4 units)

  • The qualifying structure age must be 20 years or older.

  • The rehabilitation must increase the base value by at least 20%.

  • Appropriate permits must have been issued from the Department of Planning and Development Review, Room 110, at the time of application.

  • The rehabilitated or replacement structure must meet zoning and other legal requirements.

  • The partial tax credit, if awarded, is extended for 7 full years and 3 partial years.

Multi-Family Residential (five units or more)

  • The qualifying structure age must be no less than 20 years.

  • Rehabilitation must increase the base value by at least 40%.

  • A replacement structure cannot exceed the square footage of the replaced structure by more than 30%.

  • Appropriate permits must have been issued from the Department of Planning and Development Review, Room 110, at the time of application.

  • The rehabilitated or replacement structure must meet zoning and other legal requirements.

  • The tax credit, if awarded, is extended for five full years and two partial years.

Commercial or Industrial (outside of the Enterprise Zone)

  • The qualifying structure age must be no less than 20 years old.

  • Rehabilitation must increase the base value at least 40%.

  • A replacement structure cannot exceed the square footage of the replaced structure by more than 100%.

  • Appropriate permits must have been issued from the Department of Planning and Development Review, Room 110, at the time of application.

  • The rehabilitated or replacement structure must meet zoning and other legal requirements.

  • The tax credit, if awarded, is extended for five full years and two partial years.

Commercial or Industrial (in the Enterprise Zone)

  • The qualifying structure age must be no less than 20 years old.

  • Rehabilitation must increase the base value at least 40%.

  • A replacement structure cannot exceed the square footage of the replaced structure by more than 100%.

  • Appropriate permits must have been issued from the Department of Planning and Development Review, Room 110, at the time of application.

  • The rehabilitated or replacement structure must meet zoning and other legal requirements.

  • The tax credit, if awarded, is extended for seven full years and three partial years.

Contact Information:

Assessors' Office
City of Richmond
900 E. Broad St., Room 802
Richmond, VA
23219 USA
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Phone: (804)646-7500
Fax: (804)646-5686
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