Tax Abatement on Private Single Family Homes?

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Bridget Conant
Posts: 2895
Joined: Wed Jul 26, 2006 4:22 pm

Tax Abatement on Private Single Family Homes?

Postby Bridget Conant » Sat Jan 25, 2020 2:57 pm

I just noticed a Relief Properties flip on Mars advertised for sale at 479,900. Part of the sales pitch is that the home has Tax Abatement.

When were certain single homes granted tax abatement? How do these homes qualify for this abatement?


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Dan OMalley
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Joined: Wed Jun 03, 2015 4:33 pm

Re: Tax Abatement on Private Single Family Homes?

Postby Dan OMalley » Sun Jan 26, 2020 3:08 am

Bridget Conant wrote:I just noticed a Relief Properties flip on Mars advertised for sale at 479,900. Part of the sales pitch is that the home has Tax Abatement.

When were certain single homes granted tax abatement? How do these homes qualify for this abatement?


1978. The homes must fall within certain census tracts, and do generally not apply to new construction but rather renovated homes. The value of the renovations must also meet a certain threshold.


Dan O'Malley
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ryan costa
Posts: 2260
Joined: Fri Jan 06, 2006 10:31 pm

Re: Tax Abatement on Private Single Family Homes?

Postby ryan costa » Sun Jan 26, 2020 5:31 am

it can get fancy.
https://finance.zacks.com/can-claim-los ... -1061.html


"shall we have peace" - Henry Charles Carey
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