Tax Incentives:  Obsolete Property Rehabilitation (OPRA)

This incentive is designed to promote redevelopment of contaminated, blighted, or functionally obsolete commercial and commercial housing properties. It allows the city to "freeze" the taxable value of a structure (before improvements are made) for 1-12 years, essentially allowing property owners to rehabilitate their buildings property-tax-free with the exception of school taxes. The State may also decide to exempt one-half of the school millage for up to six years.

OPRA Fact Sheet

OPRA Application