5 YEAR PROPERTY TAX ABATEMENT

The 5-year tax abatement provides a gradual increase in tax obligations over time. Initially, you pay no taxes in the first year, then 20% in the second year, 40% in the third year, 60% in the fourth year, and 80% in the fifth year, with full tax obligations (100%) beginning in the sixth year. Estimated savings of up to $75,000 for the first 5 years of ownership.