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- Downtown Nashua Tax Relief Incentive
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Property owners who intend to substantially rehabilitate a building located in Downtown Nashua may apply to the City of Nashua for a period of temporary tax relief. The Community Revitalization Tax Relief, if granted, is a finite period of time during which the property tax on the structure would not increase as a result of its substantial rehabilitation (between 5 and 13 years). In exchange for the relief, the property owner grants a covenant ensuring there is a public benefit to the rehabilitation. Following expiration of the finite tax relief period, the structure would be taxed at its full market value, taking into account the rehabilitation.
Eligibility
A property owner can apply for the tax relief only if:
Application Process