High-Density Residential Tax Abatement
- 13+ Unit Apartment/Condo Buildings
- “High-Density Residential” means Downtown Storefront, Downtown General, Storefront, Commercial Cottage, and Flat A building types, containing 13 or more separate household units, as described in Municipal Code Article 135-2.
Improvements to properties with structures that contain high-density residential structures are eligible for tax abatement schedules in this category. Common projects in this category include:
- New high-density residential buildings.
- Renovations to existing high-density residential buildings and their accessory structures.
- New accessory structures.
- Comply with all City requirements and;
- Increase the property's assessed value by at least 5% and;
- Permits must be issued for work that requires permits.
What Schedules are Available?
|Renovations of existing structures that do not increase the number of dwelling units||Citywide||10-RF: 10-Year 100%|
|New accessory structures||Citywide||10-RF: 10-Year 100%|
|New high-density residential buildings and renovations that increase the number of dwelling units in existing buildings||Within the Targeted Multi-Family Residential Area||10-RD: 10-Year Declining|
|New high-density residential buildings and renovations that increase the number of dwelling units in existing buildings||Outside the Targeted Multi-Family Residential Area||Not eligible for tax abatement|
- For projects located in the Riverpoint West Area, see the Riverpoint West Area Tax Abatement Page.
- Projects located in the Court Avenue Historic Area must comply with Appendix A of the Fourth Restated Urban Revitalization Plan.
- Projects located in the Historic Fort Des Moines Area must comply with Appendix B of the Fourth Restated Urban Revitalization Plan.
New high-density residential buildings, additions that exceed 50% of the existing building's floor area, and renovations to existing buildings that exceed 50% of the assessed building value must include at least 4 of the following to be eligible for tax abatement. (For projects located in the Riverpoint West Area, see the Riverpoint West Area Tax Abatement Page)
- Permeable pavement for a minimum of 30% of the paved area.
- Stormwater best management practices shall be implemented by methods of capture, infiltration, evapotranspiration, or re-use to retain 50% of the runoff volume from impervious surfaces on site during a 1-year rainfall event.
- 90% of exterior building elevations constructed from renewable materials.
- Primary entry within ¼ mile of a DART transit stop.
- Redevelopment of a previously-developed site.
- Renovation of an existing building.
- Wind or solar (photovoltaic, PV) electric generation systems, in accordance with Municipal Code Sections 135-2.22.4.E-H, reasonably estimated to annually provide at least 20% of the electric power consumed by the development.
- Ground source (geothermal) heat pumps used as primary source of heating and cooling.
- Provision of a minimum level 2 electric vehicle charging station in accordance with
Municipal Code Section 135-2.22.4.B.
- Other energy efficiency and sustainability measures proposed by the property owner and granted written approval by the Development Services Director for tax exemption purposes pursuant to this Plan.
Targeted Multi-Family Residential Area:
Riverpoint West Area:
Court Avenue Historic Area:
Historic Fort Des Moines Area: