Protecting At-Risk Property Tax Abatements
A large private developer of energy projects engaged Merit after a flawed agreement from a prior consulting firm put a significant property tax abatement at risk.
Challenge:
- A previously structured abatement agreement contained critical structural and timing issues that jeopardized eligibility due to project delays.
- The prior advisor erroneously determined that extending the abatement period was not feasible.
Merit Solution:
- Merit conducted a comprehensive review of the original abatement application and executed agreement to identify structural and timing deficiencies.
- Our team identified a viable legal and procedural path to extend the abatement period, preserving benefits that were previously thought to be lost.
- We engaged directly with local taxing jurisdictions to renegotiate and amend the agreement, then expedited approvals through established relationships to preserve the project’s eligibility and timeline.
100%
Planned Property Tax
Abatements Preserved