Paterson NJ has some properties and condominiums that offer tax abatements.  What's a tax abatement? A tax abatement is when a taxing board grants a tax payer a stay of paying a tax for a short or long term, for a total or percentage of the tax.  They are given for buldings for possible employment increase, company having financial problems or non profit organizations.  The abatement is a great advantage because the taxpayer gets to pay 25%, approximately, of what the real taxes should be.  In Paterson the abatement usually lasts for about 5 years.  If you are interested in getting more information about properties with tax abatement, you can contact me and I will gladly get you that information for Paterson.