CLEVELAND HEIGHTS, Ohio — The City of Cleveland Heights has launched a new tax program for the 2020 season with the hopes of helping improve the community, while helping homeowners and businesses save money.
The program called “Grow” was created in 2018 as a city-wide community reinvestment plan that would extend the tax benefits to eligible residential and commercial properties.
Surrounding cities like University Heights and South Euclid have similar programs to improve properties.
The City of Cleveland Heights had a similar program in the past in certain neighborhoods, but this is the first time a program like this has been offered to include businesses. The program applies to single-family homes, multi-family homes occupied by the owner and commercial properties.
“It starts at 5 years 25% but then can go all the way up to 100% for 15 years,” said Tim Boland, Cleveland Heights Director of Economic Development. “And I think that is, again, the feedback we're receiving is it's a significant cost savings to folks who maybe just have been thinking about doing those projects, and now this can make it feasible for them."
More info on eligibility here.