Local Economic Revitalization Tax Assistance Program
In order to give commercial and industrial property owners an incentive for renovating or rebuilding their properties, the City of Bradford and Foster Township both participate in a Local Economic Revitalization Tax Assistance Program. Improved properties may be eligible for a real estate tax abatement for up to five (5) years on the assessed improvements or new construction. Often, a major deterrent to improving deteriorated property has been that improvements result in higher property value and there, higher property taxes. LERTA provides an incentive for making an investment toward a more prosperous and beautiful Bradford.
The following real estate tax exempt schedule shall be in effect: