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Real Estate

Real Estate Incentives

Join the Real Estate Revolution
Take advantage of this historic opportunity. The City of York boasts historic Victorian and eclectic architecture priced from the $60,000s. Stake your claim in this Renaissance City that is an investor and housing rehabber’s paradise. Enjoy a high quality of life with a low cost of living and big city amenities.

York College Employee & Young Alumni Homeownership Program
The assistance provides $6,000-8,000 or 15% of the purchase price per employee/alumni for eligible properties in the city.
For more info contact 717-815-1500.

First Time Homebuyer Initiative – The 3/2 Program
Provides payment & closing cost assistance for first time homebuyers. Contribute 3% of selling price towards down payment, receive 2%. Eligibility based on completion of homebuyer education classes. For more information contact 717-854-1541.

RETAP
The York City & County Residential Tax Abatement Program (ReTAP) provides for a 100%, ten year tax exemption on the value of new residential construction or residential rehabilitation. This incentive runs with the land for 10 years; therefore, if the property owner should change the incentive remains under full valuation in year eleven.

The companion York School District ReTAP provides ten year phased out exemptions: 100% in year one, 90% in year two, 80% in year three and so forth until a 10% abatement is granted in year ten for the value of new construction & rehabilitation of houses & condominiums.

LERTA
The Local Economic Revitalization Tax Abatement (LERTA) program provides ten year phased out exemptions: 100% in year one, 90% in year two, 80% in year three and so forth until a 10% abatement is granted in year ten for the value of new construction of houses & condominiums. Abatement applies to all three taxing entities, city school district, city, and county, and applies to commercial and retail-related new construction and rehabilitation projects.

This incentive runs with the land for 10 years; therefore, if the property owner should change the incentive remains under full valuation in year eleven.

Economic Development

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