Minimizing the Pain of Trump’s Tax Law

550Vanderbilt-1 Look Up

Some prospective buyers have focused their searches on buildings with tax abatements to limit their tax costs. Buyers at 550 Vanderbilt, a new development in Prospect Heights, Brooklyn, for example, benefit from a 25-year tax abatement. Owners of studios at the building pay as little as $18 a month in property taxes, compared to $563 a month without the abatement.

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