Cincinnati Real Estate: Tax Credit For Vacant Home Buyers

Posted on Apr 22 in Cincinnati Real Estate, Investment Real Estate, Taxes
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There is a bill in the Ohio legislature that would give home buyers who purchase a vacant property a tax credit. The purpose of the tax credit is to provide incentives to buyers who purchase  properties that have been vacant for over one year.

Locally the impact would be eliminating vacant homes from the current residential inventory. If passed the measure could positively impact  neighborhoods by reducing vacant and blighted properties.

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Comments

  1. Cincinnati Real Estate: Tax Credit For Vacant Home Buyers · Real-Estate-Investing.ExplainedOnline.Net

    Apr 22nd, 2009

    [...] Original post by Cincinnati Living Online [...]

  2. cinplify.com

    Apr 27th, 2009

    Tax Credit For Vacant Home Buyers | Cincinnati Living Online…

    The state of Ohio is considering a bill that would provide Cincinnati residents a tax credit for purchasing property that has been vacant for one year….

  3. Real Estate Taxi (110 comments.)

    Jun 15th, 2009

    Whatever credit the government can give to a purchaser the better.