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What is a Tax Abatement?
If you own real estate, you pay property tax. Everyone does. Your lender may have escrowed your property tax and included it in your monthly payment or you may pay your property tax directly to your county twice a year, but unless you have a tax abatement, you're paying property tax.
According to the Ohio Bar website, "Tax abatement is the exemption, in whole or in part, of real estate taxes incurred from a specific project. Exemptions can apply to the improved value (new construction or renovation) of a specific property. Incentives are available to homeowners, business owners and developers."
Wouldn't it be great to NOT have to pay property tax? How much are your property taxes per year? Take that number and multiply by 12 (years). At the very least, you will come up with a number in the tens of thousands of dollars. Imagine what you could do with that money, if you didn't have to pay property tax!
Our team is currently listing beautiful, brand new condominiums in Bellefontaine that are offering a 12 YEAR TAX ABATEMENT! This is an amazing opportunity for a buyer to save thousands! We will have SIX brand new, beautifully appointed 2-3 bedroom condos ready this spring at Allen Woods or build your own!
No bidding wars. Flexibility with your moving timeline. Single level living. Covered patios, Private, quiet street.
AND A 12 YEAR TAX ABATMENT.
Questions? Interested? Call me!
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