The Department of Community and Economic Development (DCED) provides and leverages funding and other resources that support quality housing, neighborhood revitalization and human services in the City of Cincinnati. DCED provides tax incentives to help businesses and residents grow and thrive. 
The Cincinnati Residential Tax Abatement program minimizes property owners' taxes by allowing them to pay taxes on the pre-improvement value of their property for 10-15 years. Property tax abatement is available for any increased valuation that results from improvements to the property for new construction and renovation. The goals of this program are: 1) stimulate community revitalization, 2) retain City residents, 3) attract homeowners, and 4) reduce development costs of home-ownership and rental projects. 
All condominiums and one-, two-, or three-unit structures within the City of Cincinnati—new construction or rehab—may apply for the residential tax abatement program. A minimum of $2,500 for one- and two-unit structures and $5,000 for three-unit structures must have been spent on eligible activities. The Hamilton County Auditor's Office determines the abatement amount based on the type of improvements as well as what affected tax bill it is applied. Application information is available HERE.