Tax Abatement

Tax abatement is defined within state law as an Economic Revitalization Area (ERA) deduction. The process begins by designating a certain piece of real estate as an ERA. Subsequent investment on that property, within state guidelines, is then eligible for tax abatement.

Definition Economic Revitalization Area (ERA)

An area that is within the corporate limits of a city, town, or county that has become undesirable for, or impossible of, normal development and occupancy.

Personal Property Abatement
A property tax deduction from the
assessed valuation granted by the Madison Common Council for the installation of qualifying abatable equipment in an Economic Revitalization Area (ERA)

Current Personal Abetments in Madison
Grote Industries, Inc.
Midwest Tube Mills
Vehicle Service Group, LLC

Real Property Abatement

A property tax deduction from the assessed valuation granted by the Madison Common Council for the construction of a new structure or a rehabilitation of
property in an ERA. (It does not include land.)

Eligible property includes: construction of new structures, or the remodeling, repairs, or betterments of property if it increases the
assessed value. Their real property abatement will be based on the increase to their assessed value because of that project and not the actual cost from
their books for the building project.

Current Real Property Abetments in Madison
Fairfield Inn & Suites by Marriott Madison Historic Eagle Cotton Mill
Riverside Tower, LP
Trilogy Real Estate Madison, LLC