Navigation Search Map (504) 658-4000

Translate this page

The City of New Orleans

Mayor Mitchell J. Landrieu

Restoration Tax Abatement (RTA) Program

Summary

The Restoration Tax Abatement (RTA) Program provides to commercial property owners and homeowners who expand, restore, improve, or develop an existing structure in a downtown development district, economic development district, or historic district the right to pay ad valorem taxes based on the assessed valuation of the property for the year prior to the commencement of the project for five years after completion of the work.

Local Submission Requirements

  • Affidavit
  • Description of Restoration
  • Investment Total
  • Before & After Appraisals
  • Pro Forma (income producing projects)
  • Additional Tax Breaks
  • Project Owners: A complete list of all principals in the project.
  • Cost/Benefit Analysis (sales tax revenue generated projects)
  • Eligibility Certification Form
  • Jobs Created
  • Tax Status
  • Sales Tax Revenue
  • Building Permit Job Value Verification
  • Proof of DBE Participation
  • Photos

Click here for the initial application checklist. The renewal checklist can be found here, and a transfer checklist can be found here.

Eligibility

Commercial property owners and homeowners must expand, restore, improve or develop an existing structure in Downtown Development Districts, Economic Development Districts or Historic Districts; properties listed on the National Register of Historic Places are also eligible. Note: An Enterprise Zone or Economic Development Zone is not a qualifying district.

Download the Qualifying Districts in Orleans Parish map (16MB)

Apply

Login to FastLane on the Louisiana Economic Development website and fill out an Advance Notification form. The form should be filed before any construction activity, as some local governments may not be conducive to granting requests for this tax exemption if the project has already begun. More information about the program can be found here.

Contact program manager,Tracey Jackson, at (504) 658-4955 with questions.

 
Add to Twitter Add to Newsvine Add to Reddit Add to Yahoo Bookmarks Add to Yahoo MyWeb Add to Facebook Add to LinkedIn Add to Digg Add to Google Bookmarks Add to Terchnorati Add to StumbleUpon Add to Delicious

Last updated: 8/26/2015 3:39:36 PM

Was this page helpful?
 
 

 
 Security code