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Updated over 15 years ago,

User Stats

22
Posts
8
Votes
Sean Schellenger
  • Real Estate Investor
  • Philadelphia, PA
8
Votes |
22
Posts

50% rule and 2% rule

Sean Schellenger
  • Real Estate Investor
  • Philadelphia, PA
Posted

When we build new homes or do a major renovation to an existing structure in the city of philadelphia, we are able to get a ten year tax abatement. I am trying to figure out how much of that 50% goes towards taxes for most investors. I know it varies depending on the area....

Im looking for feedback from those who use the 50% and 2% rule. Should I be adjusting the number's slightly based on the fact that my tax expense is 0? If so, who much??

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