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Tax Abatement Huge Shot in Arm for City, Study Finds
April 11, 2017
Tax Abatement Huge Shot in Arm for City, Study Finds
Not only has it increased the amount of money flowing into city coffers, it has given a boost to the production of workforce housing.
Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to the huge jump in construction activity it has triggered, argues a study released in late March by the Building Industry Association of Philadelphia.
Read the full story by Sandy Smith at Philadelphia Magazine here.
Download the BIA report and summary.
