Navigation Search Map (504) 658-4000

Translate this page

The City of New Orleans

Mayor Mitchell J. Landrieu

Restoration Tax Abatement (RTA) Program

The Restoration Tax Abatement (RTA) program provides five-year property tax abatement for the expansion, restoration, improvement and development of existing commercial structures and owner-occupied residences. The contract may be eligible for renewal, subject to the same conditions, for an additional five years.

Benefits

Grants a five-year deferred assessment of the ad valorem property taxes assessed on renovations and improvements. Taxes are based on the assessed valuation of property prior to beginning of improvements. Equipment that becomes an integral part of that structure can qualify for this exemption. The program does not exempt the acquisition cost of the structure.

Eligibility

Commercial property owners and homeowners must expand, restore, improve or develop an existing structure in Downtown Development Districts, Economic Development Districts or Historic Districts; properties listed on the National Register of Historic Places are also eligible. Note: An Enterprise Zone or Economic Development Zone is not a qualifying district.

Download the Qualifying Districts in Orleans Parish map (16MB)

How to Apply

Login to FastLane on the Louisiana Economic Development website and fill out an Advance Notification form. The form should be filed before any construction activity, as some local governments may not be conducive to granting requests for this tax exemption if the project has already begun.

 
Add to Twitter Add to Newsvine Add to Reddit Add to Yahoo Bookmarks Add to Yahoo MyWeb Add to Facebook Add to LinkedIn Add to Digg Add to Google Bookmarks Add to Terchnorati Add to StumbleUpon Add to Delicious

Last updated: 12/6/2013 2:09:41 PM

Was this page helpful?
 
 

 
 Security code