Unlock Savings with Property Tax Exemptions & Abatements
How We Help Secure Property Tax Exemptions & Abatements
Navigating property tax exemptions and abatements can be complex, but as your property tax consultant, we simplify the process and maximize your savings. From the initial assessment to final approval, we work closely with you to identify the best programs for your development, improvement, or non-profit property. Our role includes managing applications, negotiating with local municipalities, and ensuring ongoing compliance to maintain your benefits. Whether you’re a developer seeking long-term abatements, a homeowner qualifying for five-year tax relief, or a non-profit preserving a historic property, we handle the details—allowing you to focus on your project. Our expertise ensures that every potential dollar in tax savings is secured, helping you lower costs and enhance your property’s value over time.
Exemptions & Abatements We Help You Secure
Long-Term Tax Abatement
Secure property tax reductions for up to 30 years for large-scale development and redevelopment projects, enhancing profitability and long-term growth.
Five-Year Exemption/Abatement
Lower property taxes for up to five years on new construction or significant improvements, reducing upfront costs and accelerating return on investment.
UEZ Residential Abatement
Receive tax abatements for residential development projects within designated Urban Enterprise Zones, encouraging revitalization and affordable housing initiatives.
Non-Profit/ Historic Exemption
Qualify for full or partial tax exemptions on properties owned by non-profits or designated as historic, preserving valuable community assets and reducing operating expenses.
Timeline for Exemptions & Abatement Projects
-
(Weeks 1-2) We start by assessing your project or property to determine eligibility for tax exemptions or abatements. This includes reviewing development plans, property type, location, and ownership status. For non-profits and historic properties, we verify qualifications and required documentation.
-
(Weeks 3-6) Once eligibility is confirmed, we gather necessary documents, draft applications, and ensure compliance with municipal, county, and state requirements. For larger projects like long-term abatements, we collaborate with architects, legal teams, and city planners to ensure accuracy.
-
(2-6 Months) After submission, the appropriate governing bodies review the application. This phase may include public hearings, site visits, and financial reviews. Timelines vary depending on the type of exemption/abatement—urban zones and non-profit exemptions typically move faster, while long-term abatements can take several months.
-
(Ongoing, Up to 1 Year) Upon approval, abatements and exemptions are phased in according to project milestones. For new construction and improvements, tax reductions are applied incrementally as the project progresses. We monitor deadlines, required filings, and compliance to ensure continued benefits.
-
(Year 5-30) Five-year abatements may be eligible for renewal, while long-term abatements transition to partial or full taxation after the agreed period. For non-profits and historic properties, exemptions typically continue indefinitely as long as eligibility requirements are maintained. We assist in renewals, annual filings, and program extensions.