Economic Revitalization Zone
Harrisonburg’s Economic Revitalization Zone promotes the ongoing growth of the downtown area. The Zone offers a real property tax exemption for new construction in the B-1 Central Business District. The real estate exemption is based on the level of capital investment.
- Capital investment between $1 million and $10 million = a 5 year exemption
- Capital investment between $10 million and $20 million = an 8 year exemption
- Capital investment of $20 million or more = a 10 year exemption