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Property Tax Assessment Moratorium (Property Tax Freeze)

Description

This incentive freezes City of Covington property taxes for eligible commercial and residential properties (25 years or older) undergoing renovation at the pre-rehab level for a period of five years. The purpose of this program is to encourage the repair, rehabilitation, and restoration of buildings 25 years old or older. This property tax freeze is achieved through a moratorium on property valuation assessments.

For more information, or to submit an application, please contact Business Development.

Please note: Due to state statute, Covington’s Property Tax Assessment Moratorium (Property Tax Freeze) cannot be granted within the City’s TIF District. The boundary of the TIF District is shown below:

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