Anyone renovating their own property in the city center can save on taxes: The pilgrimage town of Kevelaer is reminding residents of the renovation ordinance, which has been in effect since 2015. Under this ordinance, private property owners in the city center can benefit from tax advantages when carrying out certain modernization and repair measures on their buildings. Those who invest in their buildings now are not only improving their own properties but are also strengthening Kevelaer’s downtown area, local businesses, and the restaurant industry. After all, an attractive, well-maintained cityscape enhances the quality of life and helps retain purchasing power in the pilgrimage town of Kevelaer.
“Every euro invested in one’s own property is also an investment in a vibrant, attractive downtown,” emphasizes City Manager Reiner op de Hipt. “Modern, appealing facades and storefronts send an important message to customers and visitors that a visit to downtown Kevelaer is worthwhile.”
Eligible renovation costs may be depreciated at an accelerated rate under current tax regulations. This is subject to the condition that a modernization agreement be concluded with the pilgrimage town of Kevelaer before work begins. The specific tax benefits in each case should be clarified in advance. The Pilgrimage Town of Kevelaer provides all relevant information online at www.kevelaer.de/bauen-umwelt/stadtplanung/satzungsgebiete.
“The Redevelopment Ordinance provides an excellent foundation for making necessary investments in existing buildings in a financially sound manner,” explains Lukas Arntz, head of the Department of Urban Development and Building Regulations. “Those who reach out to us early on and sign a modernization agreement can make the most of the opportunities the ordinance offers for their building while also contributing to the positive development of the downtown area.”
Anyone who would like to know whether their property is located in a redevelopment area and what opportunities a modernization agreement offers can contact the Building Regulations Department directly (02832 122-730, bauordnung@kevelaer.de). The pilgrimage town of Kevelaer encourages all interested property owners to reach out to the Building Regulations Department early on to discuss and coordinate planned measures. This will allow you to make the most of the opportunities offered by the redevelopment ordinance—both for your own property and for a vibrant downtown.