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skeeterdc t1_jc1ic0s wrote

Reply to comment by i_use_this_for_work in Center City's latest tower of condo power... by ericallenjett

Are you saying that this development is bad for the city?

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i_use_this_for_work t1_jc260vg wrote

I’m saying that the taxes on this property are nonexistent for the next 10 years. So OCs statement about the taxes being good is not terribly accurate.

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skeeterdc t1_jc28d2m wrote

Land taxes are not abated for the property, it’s the taxes that are suppose to be paid on the property that are abated for 10 years. Philly taxes the land and the property separately and the tax abatement only impacts the taxes property owners pay for the taxes on the property.

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