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Abatement. If it is sold during the 15-year period of the abatement the new owner continues to receive the abatement. Tax adjustments will be made accordingly. The tax abatement does NOT guarantee abatement for county periodic reassessments. CRA s are used to encourage revitalization of the existing housing stock and the development of new structures. At the end of the 15 years of abatement the property will be taxed at its total post-improvement assessed value. Per the Ohio Revised Code...
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