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City of Cranston Tax Stabilization Agreements
Local tax stabilization agreements for qualifying Cranston development and redevelopment projects.
About this program
Cranston uses tax stabilization agreements for certain development and redevelopment projects approved by city ordinance. These agreements can phase or stabilize property taxes to support eligible investment, rehabilitation, and economic development projects.
Eligibility
Property owners, developers, or businesses with qualifying Cranston development projects approved by the city under tax stabilization ordinance procedures.
Requirements
- Negotiate and secure city approval for a tax stabilization agreement
- Provide project scope, investment, property, ownership, and public benefit information
- Comply with ordinance terms, reporting, and local approval requirements