who wants to pay less property taxes?
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.
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