Developing Philly: The State of Philadelphia's Tax Abatements in 2022
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Our new mini, \\u201cDeveloping Philly,\\u201d will explore issues that are top-of-mind for developers, owners, and commercial investors throughout the Philadelphia region. We\\u2019ll focus on zoning and land use regulations, development concerns, impending tax laws, and other pressing topics.
In this first episode, we discuss the 2022 changes to the City of Philadelphia\\u2019s commercial and residential tax abatements. Those changes mean that the abatement for commercial developments, including Mixed-use condominiums, now is more valuable than the abatement for residential projects. We discuss questions related to the new rules and how the City\\u2019s Office of Property assessment answered some of those questions via regulation.
Participating in this discussion is Christopher Jones, Of Counsel in Ballard\\u2019s Philadelphia office, and Nathan Farris, an Associate in Ballard\\u2019s Philadelphia office.
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