My experience is that we received 25% off the tax assessment. Very simple. It is regular taxes. The assessment is based on the sale price and the tax ratio for the particular year but essentially it should be proportional to the market value (sale price).

Call the tax assessor, Ed Toloza at city hall.

Can someone explain to me how the 5 year new construction tax abatement works (for a single condo - not a high rise building)? Is the abatement based on the sale price? Do you really end up paying less taxes if it is based on the sale price? Or are you better off just paying regular taxes? I can't find any info on this.