Ask Bob Property Taxes What is a tax abatement and do I qualify?
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What is a tax abatement and do I qualify?

A tax abatement is a temporary reduction or exemption from property taxes, typically offered to encourage new development or redevelopment. In New Jersey, abatements are commonly available for new construction, veterans, seniors, and homeowners who make certain improvements like solar installations. Eligibility varies by municipality, so check with your town's tax assessor.

Why It Matters

Tax abatements can save homeowners thousands of dollars annually. Many eligible homeowners miss out because they do not know the programs exist.

Related Questions

How are property taxes calculated in New Jersey? How do I appeal my property tax assessment? What is the NJ annual property tax deduction? What is a tax assessment and how often is it done? How do property taxes affect my monthly mortgage payment?

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