Tuckerton Borough Council on Monday, March 16 passed a resolution re-establishing a tax abatement program for commercial properties that make substantial improvements to their properties and for new commercial construction.
The five-year abatement allows for a business to get a 100 percent property tax exemption for improvements the first year after construction, pay only 20 percent the second year, 40 percent the third, 60 percent the fourth and 80 percent the fifth.
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