Commercial/Industrial Property Tax Exemption Program

This incentive program has been put in place to encourage new construction, expansion, modernization or relocation of businesses to Derry.  For qualifying business structures, the Derry Town Council can provide tax relief for a period of up to ten years on a percentage of the town and local school tax portion of the tax bill. The tax relief is for rehabilitation of an underutilized commercial or industrial structure, where there is a demonstrated public benefit.  The percentage of relief is determined on a case by case basis.  A covenant, protecting the public benefit must be recorded and it will be in place for the duration of the tax relief, or longer.     

Applications for proposed projects are received by the Planning Department.  Questions about the program can be directed to Economic Development.

Chapter 138, Taxation - Property Tax Exemption Program

Commercial/Industrial Tax Relief Application