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Property Tax Exemptions for Job Creation Projects: Apply in Advance
In my experience I have not ever found a jurisdiction that would allow for a post-project property tax exemption as it relates to job creation.
If a business needs to move fast on closing a deal on a property and can't wait to apply for certain incentives before the transaction/project is completed, are there any states that will allow to apply for certain tax incentives after the fact, e.g. Grace period of 90 days?
 

Joseph Calvanico, National Director for Property Tax and Valuation Services, Crowe Horwath
In my experience I have not ever found a jurisdiction that would allow for a post-project property tax exemption as it relates to job creation. In fact, quite the opposite in most jurisdictions – if you don’t apply in advance you don’t get the exemption.
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About the Author

Joseph Calvanico, National Director for Property Tax and Valuation Services, Crowe Horwath
Joseph Calvanico, a LEED Green Associate, has been with Crowe Horwath LLP since February 2010, serving as the National Director for Property Tax and Valuation Services. Calvanico has almost 30 years of experience in real and personal property tax and valuation. He was a senior member of the GE Capital Real Estate team. Prior to that, Calvanico was a partner with one of the “Big Four” accounting firms and has spent 20 years in Public Accounting. Calvanico has worked in over 45 states and has experience in industries including manufacturing, utilities, assisted living, parking, hospitality, office buildings, residential subdivisions, and shopping centers. Representative clients include the Mall of America, NBC Tower, and the Plaza Hotel. Calvanico will earn an MS in Real Estate Law from Chicago's John Marshall Law School in 2011 and holds a BA in Economics from the University of Wisconsin, Madison.

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