In 2000, the City of Philadelphia implemented a 10-year property tax incentive to boost the number of homeowners and businesses in the area.
According to a recent study conducted by Dr. Kevin Gillen, a Senior Research Fellow at Drexel University’s Lindy Institute for Urban Innovation, the city of Philadelphia has thrived since the initiation of the tax abatement. As noted by Dr. Gillen, the tax abatement has encouraged the construction of many new residential and commercial buildings, which in effect has created new jobs and brought an influx of professionals to the City. Click here to learn more information about Dr. Gillen’s latest study.
If you’d like to capitalize on Philadelphia’s 10-year property tax incentive, call National Reality Investment Advisors, LLC (NRIA) at (201) 210-2727 or visit them on the web at www.NRIA.net.