Podcast

Developing Philly: The State of Philadelphia's Tax Abatements in 2022

June 7, 2022
Subscribe and Listen
listen on apple podcasts listen on google podcasts listen on spotify

We are introducing a mini-series, “Developing Philly.” The podcast episodes will explore issues that are top-of-mind for developers, owners, and commercial investors throughout the Philadelphia region. We’ll 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’s 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’s Office of Property assessment answered some of those questions via regulation.

Participating in this discussion is Christopher Jones, Of Counsel in Ballard’s Philadelphia office, and Nathan Farris, an Associate in Ballard’s Philadelphia office.

View the recording transcript here.

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry. 
Subscribe

Copyright © 2022 by Ballard Spahr LLP.
www.ballardspahr.com
(No claim to original U.S. government material.)

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.