Opportunity Zones Mapping Tool Updated to Show OZs with Boundary Changes

Tuesday, March 2, 2021 - 10:30am

The Novogradac Opportunity Zones Mapping Tool has been updated to indicate whether there are boundary changes to qualified OZ census tracts (QOZs) due to the 2020 Census, a change that will necessitate IRS guidance, since eligibility for the OZ incentive is based on 2010 census tract boundaries. A Novogradac blog post explains the effect of adjustments to census tract boundaries on OZs, highlighting that more than 56% of OZs will change owing to the 2020 Census by being split into two or more tracts, increased or decreased geographic area or combinations of these. The mapping tool shows 2010 Census boundaries and will be updated later this spring to include new boundaries when data is available. The tool currently identifies which QOZs have changes.

The Opportunity Zones Working Group will continue to monitor the effect of Census tract changes and the subject will be discussed at the Novogradac 2021 Spring Opportunity Zones Virtual Conference, April 22-23.