NEZ Tax Abatement Questions

**SammyS** · March-02-16, 07:58 PM

Good discussion. I've also heard that NEZ does not totally expire but instead the abaitment progressively reduces over a period of time [[like 5 years after the full NEZ expired)

**innercitydoc** · March-02-16, 10:03 PM

Originally Posted by SammyS

Good discussion. I've also heard that NEZ does not totally expire but instead the abaitment progressively reduces over a period of time [[like 5 years after the full NEZ expired)

And I've heard that the NEZ starts phasing out gradually at 10 years and fully expires at 15. My NEZ is at 10 years this year so I guess I'll find out for certain.

**SammyS** · March-03-16, 08:19 AM

Originally Posted by innercitydoc

And I've heard that the NEZ starts phasing out gradually at 10 years and fully expires at 15. My NEZ is at 10 years this year so I guess I'll find out for certain.

No kidding. Explains why there were so many condos at Crosswinds in brush park up for sale in 2015. Phase I was completed in 2000 I believe and therefore......