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5240 Knowledge Parkway, Erie, PA 16510-4658
Phone: (814) 899-6022, Fax: (814) 899-0250, Website: www.connectforsuccess.org
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The LERTA program is available in many communities throughout Pennsylvania. Within the City of Erie, the taxing bodies have adopted an abatement program for certain improvements to deteriorated property (industrial and commercial) and new construction of industrial and commercial structures. The exemption period is up to ten (10) years for all zoning districts designated.
This program is offered to encourage business expansion that may encompass the reuse of existing buildings, or construction of new facilities. Tax abatement relates directly to improvements that would cause the existing tax assessment of the property to change, thereby increasing the City, School and County real estate tax. The property/business owner will still pay a base amount of tax based on the existing assessment during the ten (10) year time-frame.
In the instance where new construction takes place on a vacant lot, it becomes an ‘improved’ lot, therefore the land tax will increase and be assessed, however, no taxes will be assessed for the improvement constructed thereon until after the LERTA terminates.
Locations in the City of Erie:
Thomas J. McIntire, Economic Development Specialist
City of Erie, Room 404, 626 State Street, Erie, PA 16501-1128
Telephone: (814) 870-1272
FAX: (814) 870-1443
E-mail: tmcintire@ci.erie.pa.us
Ph: (814) 899-6022
Fax: (814) 899-0250
Email: KSmith@edcec.org