A Community Reinvestment Area (CRA) is a geographic area in which residential and commercial property owners can receive tax abatement for investing in their real property. Tax abatement is the temporary deferment of increased property taxes for a period of time. In Fairview Park, the entire city is designated as a CRA.

The CRA Program is a tool used by the City of Fairview Park to:

  • Promote the development of new residential and commercial structures, and
  • Encourage the revitalization of our existing building stock.

Under the CRA Program, residential and commercial property owners are eligible to receive abatement of property taxes up to 100% of the increase in the assessed value of a structure. The abatement permitted differs for new construction projects and projects involving the remodeling of existing structures:

New Construction
  • Construction of new residential structures: 100% tax abatement is automatically granted for seven (7) years for the amount that the assessed value of the property increased. Residential includes single- and two-family homes, condominiums, and multi-family apartment facilities containing three units or less.
  • Construction of new commercial structures: Projects are eligible for up to 100% tax abatement on the increase in assessed value of the structure for up to seven (7) years. Tax exemptions are subject to City Council approval and are granted on a project-by-project basis. If you have a project you believe to be eligible under the CRA Program, call the Building Department at 440-356-4405.
Remodeling of Existing Structures
  • Remodeling of existing residential and commercial structures: 100% tax abatement is automatically granted for seven (7) years for the amount that the assessed value of the property increased. Remodeling is an inclusive term for renovation, rehabilitation, and expansion.

Normal repairs and maintenance will not increase the assessed value of a structure. Improvements that will increase assessed value tend to be more costly projects such as:

  • Adding additional living area
  • Gutting and renovating a home or apartment building
  • Converting all or part of a non-residential building to a residential use
  • Building new or enlarging a garage
  • Installing new additional bathroom or toilet
  • Adding new porch
  • Installing stall shower
  • Installing indoor fireplace
  • Finishing attic, second floor, or bedroom with panelling, plaster or plasterboard

Properties for which tax abatement has been granted are subject to annual inspections under Section 3735.67 of the Ohio Revised Code.

Click here for the CRA application and information. Guidelines for Community Reinvestment Area Tax Exemption Program