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Tax Abatement Constraints <br />cont. <br />•If Tax Abatement Bonds issued -principal may not <br />exceed the estimated sum of total abatements <br />•Maximum aggregate annual abatement for any taxing <br />entity is the greater of: <br />–10% of the net tax capacity or $200,000 <br />•Maximum parcel abatement is subdivision’s tax rate <br />times net tax capacity of parcel <br />27 <br />