Tax Incentives

Tax Incentives

The City of Monroe offers a variety of development incentives to encourage rehabilitation, expansion and retention for qualified developers and business owners. A complete description of each incentive is available by clicking the link below.

COMMERCIAL REHABILITATION DISTRICT - freezes the taxable value of a building for a defined period and exempts certain new investment from local taxes.

OBSOLETE PROPERTY REHABILITATION - incentive tool used to encourage the redevelopment of a blighted, contaminated or functionally obsolete building.

NEIGHBORHOOD ENTERPRISE ZONE - provides a tax incentive for the development and rehabilitation of residential housing.

BROWNFIELD REDEVELOPMENT AUTHORITY - an incentive tool that assists in the investment and rehabilitation of brownfield and economically challenged sites.

INDUSTRIAL FACILITIES TAX EXEMPTION - Industrial Facilities Tax Exemption is a property tax abatement program for industrial developments, expansions, and rehabilitation efforts.

FEDERAL REHABILITATION TAX CREDIT - federal income tax credits available for the rehabilitation of historic, income-producing properties.

FEDERAL OPPORTUNITY ZONES - Opportunity Zones are a newer incentive created to spur development in lower income areas of communities across the nation when the 2017 Tax Cuts and Jobs Act was enacted . The City of Monroe has two federally designated Opportunity Zones.  Click here to view a map of the City's designated Opportunity Zones.

HISTORIC PRESERVATION TAX CREDITS - New State Historic Tax Credit program to support place-based projects while promoting the preservation of Michigan’s historic resources. Will be available for both commercial properties and individual homeowner residences.. 


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