Enterprise Zone & Enterprise Map

A wide range of financial incentives are available to businesses that expand or locate in Carbondale's Enterprise Zone. Carbondale's Enterprise Zone is part of a broader zone jointly created by the City of Murphysboro, the City of Carbondale, Jackson County and the Illinois Department of Commerce and Economic Opportunity in 1990. Carbondale's portion of the Enterprise Zone is shown on the attached map.

Enterprise Zone Incentives

  1. Abatement of Property Tax on
  2. Deduction of Sales Tax for
  3. Waiver of Building Permit Fees
  4. Enterprise Zone Fees
  5. Illinois Tax Incentives

Abatement of Property Tax on New Improvements

Property tax on real estate improvements that raise a commercial, industrial or manufacturing property's fair market value by more than $10,000 is abated at the following schedule:

  • 50% of property tax on the improvement is abated for the second 5 years after project completion
  • 100% of property tax on the new improvement is abated for the first 5 years after project completion

Full Abatement

  • Owners of properties listed on the National Register of Historic Places are eligible for 100% abatement for the first seven years and 50% for the following three years.
  • The property tax abatement provisions do not exempt owners of property in the Enterprise Zone from property tax altogether. The program abates property tax on new improvements, but not abate the tax paid on existing buildings and land. Abatement on an individual property is also limited to the amount of tax attributable to eligible improvements on the property.
  • Property tax abatement through the Enterprise Zone does not “freeze” an owner’s property tax. The tax due on a property during the ten-year abatement schedule will fluctuate based on reassessment and changes in the tax rate.
  • Property tax abatement's apply to building renovations, expansions and construction of new buildings.

Property Tax Definitions

  • Assessed Value: One-third of a property's fair market value. The total assessed value for a given property has two components-the value of land and the value of improvements.
  • Fair Market Value: The amount a willing buyer would pay a willing seller for a given piece of real estate. The fair market value is determined by the Township Tax Assessor to establish the assessed value.
  • Improvement: A building or other structure else attached to land which cannot be readily removed.
  • Tax Rate: The formula applied to assessed value to determine the property tax due for a property. The tax rate is often expressed as "$8.64 per $100 of assessed value."