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Moratorium

The Moratorium Process

1. The moratorium process begins at the office of Metro Inspections, Permits and Licensing.
2. Applications must be made at least 30 days prior to the start of construction.
3. The moratorium or ‘frozen’ value applies only to the local rate.
4. The state, school and non-participating government rates will reflect the annually assessed value of the property’s fair cash value.
5. Moratorium certificates expire 5 years from issuance.
6. Certificates are issued at the completion of scheduled repairs, and a valid inspection has been completed by IPL.
7. The property must be at least 25 years old.
8. The moratorium is transferable from the holder of the certificate to a new owner.

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