Paying Property Taxes Is So Last Year

Jersey City Vibe has pointed out the Jersey City Council agenda: tax exemptions for everyone! Sure, we tend to think encouraging redevelopment of abandoned buildings is a good thing, and granting tax exemptions for low income [read: low profit] housing is not such a bad idea. But we have to wonder, with the real estate market hotter every day, do luxury apartment towers really need 30 years of tax abatements?