Tax Abatement For Rehab O Residential Propertey In NJ

Does anybody have any experience with the tax abatement program for rehab in Trenton NJ.?

Comments(1)

  • RepoMan16th November, 2003

    joeb,
    I do not know if Trenton and Elizabeth have the same program. If they do, here is how it works.

    It applies only to new construction of single and 2 family units, owner occupied. Upon being approved for the abatement the property owner is responsible to pay a minimum tax for a period of 5 years. At the end of 5 years the tax will return to it's normal rate.

    Repoman

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