City of New Castle Local Incentives

First-time Homebuyers Realty Transfer Tax Waiver

• Waiver of City realty transfer tax for first time homebuyers.

Business License Fee Waiver

• Business license fees waived for twelve (12) months for existing buildings, thirty-six (36) months for new buildings.

Building Permit Fee Waiver

• Building permit fees waived for signs, facades, underground utilities and sidewalks.

Property Tax Abatements

• Property tax abatement for five (5) years for projects with improvements greater than $25,000.

Streamlined Plan Review and Permitting Process

• Expedited review of projects by City staff in the DDD.