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Ventnor Commission renews five-year tax-abatement program, citing housing and long-term ratables
Summary
The Ventnor City Commission unanimously adopted Ordinance 2025‑020 to renew a five-year exemption and abatement program for residential redevelopment, with officials saying the policy helps replace blighted housing and increases long-term tax value despite short-term tax reductions.
Ventnor City commissioners voted unanimously Oct. 9 to adopt Ordinance 2025‑020, reestablishing a five-year exception and abatement program intended to encourage demolition of blighted homes and redevelopment in the city’s older neighborhoods.
The ordinance, approved by roll call after a brief public hearing with no speakers, renews a scheme under which new home improvements receive a five-year 30% abatement on the improvement value; land taxes remain fully due. The commission noted the program was originally adopted after Superstorm Sandy to speed…
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