Press Releases

Press Releases: Policy Analysis: 10-Year Tax Abatement

The City Controller’s Office released a policy analysis of the City of Philadelphia’s Ten-Year Tax Abatement, which provides a 100% tax benefit for new construction and the value of improvements or conversions to existing properties.  The analysis included data around the concentration and distribution of abated properties by geography and value, the profitability of development in Philadelphia, and scenarios presenting and evaluating six hypothetical changes to the policy.

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