12/18/2025
Economic development property tax abatement allows Minnesota cities, counties, and school districts to temporarily reduce or redirect property taxes to support projects that create jobs, grow the tax base, or improve the community.
ποΈ Supports local growth β Helps attract development, jobs, and investment.
π‘ Flexible tool β Can reduce taxes, defer payments, or fund improvements tied to the property.
π Accountability β Requires a public hearing and must show community benefit.
β³ Time-limited β Most abatements last up to 15 years (sometimes up to 20).
π§Ύ Only local taxes β Cities, counties, or schools can abate their own property taxesβnot those from other entities.
π Interested in exploring tax abatement for your project? Contact us to get started.