Tax Abatement
MWMT Financial
Philadelphia Specialists · Years of Tax-Free Savings · New Construction & Rehab
Tax Abatement
MWMT Financial
Philadelphia Specialists · Years of Tax-Free Savings · New Construction & Rehab
Tax Abatement
MWMT Financial
Philadelphia Specialists · Years of Tax-Free Savings · New Construction & Rehab
Tax Abatement
MWMT Financial
Philadelphia Specialists · Years of Tax-Free Savings · New Construction & Rehab
MWMT Financial · Philadelphia Tax Relief
Get a Tax
Abatement
Done
Philadelphia Property Owners Only
A tax abatement freezes or eliminates your property tax increase for years after you build or renovate. It's one of the most powerful — and underused — tools available to Philadelphia real estate owners.
10-Year Abatement
New Construction
Rehab Projects
Residential & Commercial
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The Breakdown
What Is a
Tax Abatement?
In Philadelphia, a tax abatement is a city-granted benefit that temporarily exempts the increased assessed value of your property from taxation — meaning you only pay taxes on what it was worth before you improved it.
Without an Abatement
You build a new home or complete a major renovation. The city reassesses your property at its new, higher value. Your tax bill spikes immediately — sometimes by thousands of dollars per year — starting the very next assessment cycle.
With an Abatement
Your property is still reassessed at the new value — but the improvement portion is exempt from taxes for up to 10 years. You continue paying taxes only on the pre-improvement value while your property appreciates freely. That's potentially a decade of protected cash flow.
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What's Available
Philadelphia Abatement
Programs
Philadelphia offers multiple abatement programs depending on your property type and project scope. We identify which ones you qualify for and handle the entire application.
Most Common
Residential New Construction Abatement
New residential construction qualifies for a 10-year abatement on the improvement value — one of the most impactful benefits available to Philadelphia homebuilders and developers.
Rehab
Residential Renovation Abatement
Significant improvements to existing residential properties may qualify for a multi-year abatement on the added value — protecting your investment while you build equity.
Commercial
Commercial & Mixed-Use Abatement
Commercial construction and substantial renovation projects can qualify for abatements that significantly reduce operating costs during the critical early years of ownership.
Green Building
Sustainable Development Incentives
Philadelphia offers additional incentives for projects that meet green building or energy efficiency standards — potentially stacking savings on top of your base abatement.
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The Numbers
What an Abatement
Actually Saves You
The math is straightforward — and the impact compounds over a decade of protected cash flow.
10
Years of Protection
Philadelphia's primary abatement runs for a full decade — locking in your pre-improvement tax rate while your property value and rents grow.
$30K+
Typical Total Savings
On a $300K improvement with a 1% tax rate, a 10-year abatement saves $30,000+ in property taxes — often many times the cost of the abatement process itself.
↑
Resale Value Boost
Remaining years on an active abatement are a major selling point — buyers pay premiums for properties that come with years of tax protection already in place.
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The Process
How We Get Your
Abatement Filed
The application process involves city paperwork, permits, and strict deadlines. We handle every step so nothing slips through the cracks.
01
Property & Project Review
We review your property details, project scope, and permit status to confirm which abatement programs you qualify for and identify the strongest path to approval.
02
Document Collection & Preparation
We gather the required permits, construction documents, and supporting materials — and prepare your complete application package for submission to the City of Philadelphia.
03
Application Filed with the City
We submit your abatement application through the proper city channels — correctly, completely, and before any applicable deadlines.
04
Follow-Up & Status Tracking
Philadelphia's abatement process can take time. We follow up with the city, track your application status, and handle any requests for additional information on your behalf.
05
Confirmation & Tax Bill Verification
Once approved, we verify your abatement is correctly reflected on your tax bill — and flag it immediately if the city makes any errors in applying your benefit.
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Who This Is For
Built for Philadelphia
Property Owners
If you've built, renovated, or are planning to — a tax abatement should be part of the plan from day one.
✓
New Construction Developers
You're building ground-up residential or commercial properties in Philadelphia and want to protect your tax position from day one.
✓
Rehab & Renovation Investors
You've completed — or are completing — a substantial renovation and want to capture the abatement before the window closes.
✓
Buy & Hold Landlords
You hold rental properties long-term and want to protect your cash flow from tax increases during the critical appreciation years.
✓
House Hackers & Owner-Occupants
You live in one unit and rent the others — an abatement dramatically improves your numbers while you're building equity.
✓
Anyone Planning to Sell
Remaining abatement years are a marketable asset — buyers pay more for properties that come with tax protection already locked in.
✓
Contractors & Builders
You build for clients and want to offer abatement filing as part of your service — or need it handled for your own spec projects.
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Philadelphia's Abatement Rules Have Changed — And They Keep Changing
The city has modified its abatement program multiple times in recent years, including phasing in changes to the 10-year benefit. The rules that apply to your project depend on when you apply and when your permits were pulled. Waiting can mean filing under less favorable terms — or missing the window entirely. If you've recently completed construction or renovation, don't delay.
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