Overview

This program provides real property tax exemptions in designated CRA districts for existing businesses planning to expand, and to new businesses looking to construct facilities in Willoughby.

  • Five-year 100% exemptions are available for the increase in real property value for new residential, commercial or industrial construction.
  • Eight-year 100% exemptions are available for the increase in real property value for expansions and/or remodeling of existing residential, commercial or industrial buildings.

To qualify for the Community Reinvestment Area Program, you must:

  • Own property in a Community Reinvestment Area (reference CRA Map attached below).
  • File an APPLICATION with the City of Willoughby before construction/improvements
    begin.
  • Attach a copy of the LEGAL DESCRIPTION of your property to your APPLICATION.
  • All CRA tax exemptions must be APPROVED by the Department of Community Development.

CRA Guidelines and Application

CRA Map