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Lafayette Property Tax Abatement
Lafayette provides property tax abatement for qualifying investment, job creation, redevelopment, and housing projects.
About this program
The City of Lafayette uses property tax abatement to encourage capital investment, job creation, redevelopment of underutilized areas, and community goals such as affordable housing. Approved abatements phase in taxes on increased assessed value for new real property improvements or eligible personal property investments such as manufacturing, logistics, information technology, or research and development equipment.
Eligibility
Property owners or authorized applicants with qualifying projects in Lafayette Economic Revitalization Areas may apply before development has begun or equipment has been ordered.
Requirements
- Project must be located in Lafayette and within or designated as an Economic Revitalization Area.
- Proposed investment must be at least $250,000.
- Development must not have begun and equipment must not have been ordered before application.