Jersey City Development: A Brief Guide To Tax Abatement

Jersey City Development: A Brief Guide To Tax Abatement from The Trompeter Group

By: The Trompeter Group  11/11/2014
Keywords: Home Buyers, Property Taxes, Tax Abatement

Our city has a number of unique draws for homeowners: historical sites, heritage brownstones, singular culinary experiences, and unparalleled Hudson River views of Manhattan. But we also offer attractive real estate savings for Jersey City development with our long-term tax abatements. In short, a tax abatement means lesser property tax, and this statute was passed by New Jersey Legislature back in 1961 to facilitate the redevelopment of our urban areas including the waterfront. It is offered to developers, by the city, which is then reaped by owners and renters who purchase real estate in the building and enjoy a relief in property costs during the period of the abatement. Read more: http://www.thetrompetergroup.com/blog/jersey-city-development-a-brief-guide-to-tax-abatement.html

Keywords: Home Buyers, Property Taxes, Tax Abatement