Updates to the real estate tax abatement for new residential construction projects will take effect on January 1, 2022.

To apply for a real estate tax abatement under the existing abatement schedule, applicants must obtain an issued building permit from L+I by December 31, 2021.

Most projects undergo multiple rounds of review prior to obtaining approval. Some PWD development project reviews can average 8 months to complete. 

This includes time spent with PWD for review, but the majority of time is spent with the applicant for revisions.

The below factsheet details each PWD pre-requisite review and associated review timelines as well guidance for how to complete reviews in the shortest time possible. Applicants are encouraged to use these timelines when planning their projects especially if they have critical funding or tax abatement deadlines.

REVIEW TIMELINE: TAX ABATEMENT FACTSHEET