Village of Smithville Community Reinvestment Area
Community Reinvestment Area DOWNLOADS
CRA Summary
| RESIDENTIAL | INDUSTRIAL/COMMERCIAL | |
| APPLICATION FEE | No Application Fee | $750 State Application Fee** |
| MINIMUM INVESTMENT | $2,500 or more | $5,000 or more |
| Review process | Limited review | The Housing Officer, Auditor’s Office, and Negotiating Committee will review your application for eligibility and terms of abatement ++ |
** Application fee payable to the Ohio Department of Development (per ORC 3735.672©).
++ Commercial and industrial projects must apply and receive approval before construction begins.
Abatement Overview
| Property Type | % of Abatement | Duration | Minimum Investment |
| Commercial/Industrial | Up to 100% | Up to 15 years | $5,000 |
| Residential | 50% | 10 years | $2,500 |
| Multi-Dwelling (3+ units) | 50% | 10 years | $5,000 |