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RC 18- <br />Tax Abatement and Taxing Jurisdictions <br />Certain projects may be of sufficient importance to <br />encourage county and/or school district to consider tax <br />abatement for a development <br />If one political subdivision declines to abate, then the <br />city abatement levy can be made for a maximum of 20 <br />years <br />If a city, county and school district all abate, then the <br />maximum period drops to 15 years <br />5 <br />Ў <br />RC 18- <br />Statutory Limit for Tax Abatement and Levy <br />Centerville currently does not have any approved Tax <br />Abatement projects <br />Statute provides that the total amount of property taxes <br />abated (tax abatement levy) in any year may not exceed <br />greater of: <br />10% of the net tax capacity of the political <br />subdivision for the taxespayable year to which the <br />abatement applies, or (2) $200,000, whichever is <br />greater <br />6 <br />Џ <br />Northland Public Finance3 <br />48 <br /> <br />