Low PriorityTaxes Budgetopen
500 Pearl Street tax abatement
Summary
A tax exemption was approved for a lot where the city removed a dilapidated property; the owner took the 10-year, 100-percent abatement under central urban revitalization area rules.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Aug 3, 2026.
Impact analysis
💰Financial impact
Foregone property tax revenue over 10 years on that parcel; tied to new construction value.
✅Who benefits
The property owner redeveloping the formerly blighted lot.
⚠️Who could be affected
Other taxpayers technically share the burden while the parcel's value is abated.
Mentions & discussions (1)
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