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Tax Abatement

In 2000, Philadelphia passed a 10-year, real-estate-tax abatement for new residential construction and certain residential rehabilitation projects. In the years since, the abatement has proven to be hugely beneficial, spurring development, creating jobs, revitalizing neighborhoods and growing the tax base citywide.

But the abatement program is under threat by members of City Council and others who misunderstand this powerful incentive.

Educating about the positive impact of the tax abatements and advocating for its retention are priorities for the BIA.

Research by Kevin Gillen, a BIA board member and senior research consultant at the Fels Institute of Government, and others clearly shows that the tax abatement has been used throughout Philadelphia, is fair and beneficial to all Philadelphians and is vital for Philadelphia to continue to grow and prosper.

Tax Abatement Resources: