Tax Phase-Ins

Tax Phase-Ins, otherwise known as tax abatements, are a tool the City of Noblesville uses in order to attract private investment and job creation by exempting portions of the new or increased assessed value resulting from that new business venture. There are two types of phase-ins; Real Property and Personal Property. Real property phase-ins can be granted for both new construction and rehabilitation while personal property phase-ins can be granted to any manufacturing equipment that has not previously been taxed in Indiana.

Phase-ins range from 1 to 10 years and in Year 1 the total amount of new assessed value is exempt from paying property tax. In each succeeding year, the share of the previously exempted assessed value that is taxable increases.

For example, the schedule for a six-year abatement is as follows:

Real Property
• Year 1 – 100% exempt
• Year 2 – 80% exempt
• Year 3 – 60% exempt
• Year 4 – 40% exempt
• Year 5 – 20% exempt
• Year 6 – first year of full property tax payment

There is a qualifying process for abatements from the City of Noblesville which includes a matrix calculation of various inputs including by not limited to: total new jobs created, gross annual payroll, total capital investment and location in a TIF district.

Download Tax Phase-In Application & Checklist | 381 KB
Download Statement of Benefits Form | 111 KB
Download Compliance of Benefits Form | 98 KB