CITY OF READING, PENNSYLVANIA
COMMUNITY DEVELOPMENT 815 WASHINGTON STREET
READING, PA 19601-3690
(610) 655-6253
TAMI DAVIES-COLEMAN
COMMUNITY DEVELOPMENT
MANAGER
ReTAP
The City of Reading adopted the ReTAP Program as a means of encouraging development and reinvestment of deteriorated residential property within the City of Reading limits.
ReTAP, is the acronym for Real Estate Tax Abatement Program, and is intended for residential property owners who are contemplating repair, construction, or reconstruction of residential property within the City of Reading limits.
The portion of the assessment of a property attributable to improvements for repair or reconstruction as determined by the Assessment Agency to be exempted from taxation each year for ten (10) years is indicated in the following schedule:
|
Year |
Percentage Exempted |
|
1st |
100% |
|
2nd |
90% |
|
3rd |
80% |
|
4th |
70% |
|
5th |
60% |
|
6th |
50% |
|
7th |
40% |
|
8th |
30% |
|
9th |
20% |
|
10th |
10% |
|
Tax exemption terminates thereafter. |
|
The eligible assessed valuation of the property attributable to new residential construction as determined by the Assessment Agency to be exempted from taxation each year for three (3) years is indicated in the following schedule.
|
Year |
Percentage Exempted |
|
1st |
100% |
|
2nd |
100% |
|
3rd |
100% |
|
Tax exemption terminates thereafter. |
|
Eligible property owners should complete and submit the application along with a copy of the building permit to the City’s Community Development office as soon as the building permit is issued, but no later than thirty (30) days after the completion of the improvements.
For additional information or questions regarding the program, please contact:
Tami Davies-Coleman
Community Development Manager
(610) 655-6253
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Download ReTAP PDF
