Under the LERTA — Local Economic Revitalization Tax Assistance Program – work done in the downtown commercial district along Front Street, between Conestoga Street to Strawberry Alley and in the 100 block of Adams Street, is eligible for 10 years of property tax relief.
New construction or renovation done elsewhere in the borough is eligible for reduced property taxes over nine years. Under the plan, property outside the commercial zone can receive 100 percent abatement for the first five years, 80 percent in year six; 60 percent in year 7; 40 percent in year 8; and a 20 percent break in year nine before paying the full amount on improved properties in year 10.
Read More