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.  The state historic preservation tax credit application can be found here.


Department Quick Links