In 2007, Swedesboro enacted a tax abatement program for taxes assessed on any property improvements on commercial properties in any of the designated redevelopment zones. This program gives the property owner a 5-year period to pay for the total increased assessment on the property–the first year paying taxes on 20% of the total assessed value and the last year paying 100%.
To learn more about this program and other ways to streamline your business or development activities, contact the Swedesboro Economic Committee at (856) 467-0202 or e-mail us using our convenient contact form here. Be sure to select “Economic Development Committee” as the recipient.
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