Now Offering a New Incentive for Home Buyers
in the Form of Property Tax Rebates for Up to 15 Years

The Village at Heron CrestThe Village at Heron Crest is located within a Community Reinvestment Area (CRA), which includes our portion of Cuyahoga Falls, in addition to the entire City of Akron. This designation gives property owners tax incentives for investing in real property improvements, including new residential construction. These incentives are used to encourage revitalization of existing housing stock and the development of new structures.

The CRA Residential Tax Abatement Program provides home buyers with a property tax abatement on the cost of their new home for 15 years.

Find out how you can take advantage of significant tax savings on the construction of your new home. Call us at 330-639-0515 or use our form to learn more.

 

Lots of Reasons for Builders to Join the Heron Crest Team

Reason 01:
We offer your clients a great location. Our community of custom, single-family homes is nestled near the Cuyahoga Valley National Park, featuring premier lots and a beautiful park-like setting. With convenient access to downtown Akron and Cuyahoga Falls, it’s also close to major highways, dining and shopping. For added convenience, we have maintenance agreements, so homeowners never have to worry about lawn care or snow removal.

Reason 02:
All builders are welcome. We do not have any exclusive agreements with builders, giving homeowners their own choice in building their custom home. This provides a great opportunity for you to offer an ideal home site to your clients, featuring plenty of natural beauty, but close to everything northeast Ohio has to offer. Together, we can also offer clients a range of floor plans, finishes and amenities, so they can build the unique home of their dreams.

Reason 03:
Homeowners can build more for less. The Village at Heron Crest is located within a CRA, which includes our portion of Cuyahoga Falls, in addition to the entire City of Akron. This designation gives property owners tax incentives for investing in real property improvements, including new residential construction. These incentives are used to encourage revitalization of existing housing stock and the development of new structures.

CRA Map

 

Community Reinvestment Area Residential Tax Abatement Program

The Community Reinvestment Area (CRA) Residential Tax Abatement Program provides a 15-year property tax abatement on the cost of all new construction in the designated CRA.

The abatement stays with the property for 15 years and would be transferred to new owners if the property is sold within that time-frame.

The Process

  • To qualify, appropriate building permits must be issued by the Summit County Building Department.
  • Upon completion of construction, the appropriate Certificate of Occupancy and signed final inspections must be obtained from the Summit County Building Department.
  • The homeowner must complete and submit the CRA Tax Abatement Residential Application.
  • Once the application and supporting documentation are complete, they are forwarded to the Summit County Auditor’s Office.
  • The Summit County Auditor will conduct a field inspection to verify new construction, assess value and make tax adjustments.

 

For questions, contact The Department of Planning and Urban Development at 330-375-2090.

Download: City of Akron - Community Reinvestment Area Residential Tax Abatement Program