Philly’s Controversial 10-Year Tax Abatement

In the year 2000, as a way to encourage new construction and the rehabilitation of distressed homes, the city enacted a tax abatement. This program, which is a repurposing of a local agreement that first took effect in the 70’s, allows homeowners to delay paying property taxes on any new construction or major improvements to … More Philly’s Controversial 10-Year Tax Abatement