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STATE ACT 175 OF 1984, AS AMENDED. 72 P. S. § 5020-205
 PURPOSE:
TO OFFER AN ABATEMENT FROM REAL ESTATE TAXES ON IMPROVEMENTS MADE BY DEVELOPERS
TO RESIDENTIAL PROPERTIES.
1. APPLICATIONS ARE TO BE FILED WITH THE BOARD OF REVISION OF TAXES NO LATER
THAN DECEMBER 31, IN THE SAME YEAR THAT THE BUILDING PERMIT IS ISSUED TO
CONSTRUCT THE IMPROVEMENT.
2. THE ABATEMENT IS LIMITED TO NEW OR EXISTING RESIDENTIAL REAL ESTATE.
3. THE ABATEMENT TERM IS ON 100% OF THE VALUE CREATED BY THE IMPROVEMENTS
BEGINNING ON THE FIRST DAY OF THE MONTH FOLLOWING THE MONTH THAT THE BUILDING
PERMIT IS ISSUED BY THE DEPARTMENT OF LICENSES AND INSPECTIONS TO CONSTRUCT THE
IMPROVEMENT.
4. THE ABATEMENT TERM IS FOR A MAXIMUM TERM OF THIRTY (30) MONTHS OR UNTIL THE
RESIDENTIAL PROPERTY IS SOLD, TRANSFERRED OR OCCUPIED, WHICHEVER EVENT OCCURS
FIRST.
For more information, or to apply for any Tax Abatement Program,
contact the BRT by E-Mail,
or call at (215) 686-9270.
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