Land taxes are not abated for the property, it’s the taxes that are suppose to be paid on the property that are abated for 10 years. Philly taxes the land and the property separately and the tax abatement only impacts the taxes property owners pay for the taxes on the property.
skeeterdc t1_jc28d2m wrote
Reply to comment by i_use_this_for_work in Center City's latest tower of condo power... by ericallenjett
Land taxes are not abated for the property, it’s the taxes that are suppose to be paid on the property that are abated for 10 years. Philly taxes the land and the property separately and the tax abatement only impacts the taxes property owners pay for the taxes on the property.