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Tax breaks could come for homeowners who build in city

WHECTV
Updated: September 18, 2019 04:05 AM
Created: September 17, 2019 09:58 PM

ROCHESTER, N.Y. (WHEC) — A new plan would offer tax breaks for homeowners who build in any city neighborhood in Rochester.

The plan was unveiled by Rochester Mayor Lovely Warren on Tuesday and would be an expansion of the city's "CHOICE" program. The city is now seeking approval for the plan from Imagine Monroe.

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It would offer tax breaks from 10% to 90% for homeowners who agree to live in the one or two family home they build. The tax break would range from the 90% for the first year to 10% for the ninth year.

Warren says the goal is to close the gap between the cost of new construction and the assessed property values in many city neighborhoods.

"We have people who want to live, work and play in our city and we want to give them that opportunity and giving them that opportunity to actually build and design their home the way that they want, to design it on some of the land that we have available in many of our neighborhoods," she said. "We want to make sure they understand that we want you here."

The mayor hopes that they can go a step further and make sure people have the money to upkeep their homes. 

Monroe County Executive Cheryl Dinolfo has also announced her support of the plan. 


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