SAN JOSE LEADERS are signing off on additional tax breaks available to new builders this year in an effort to attract housing developers.
The San Jose City Council voted unanimously May 13 to increase the number of new homes qualifying for a 50% reduction in ​​commercial, residential, mobile home park taxes and building and structure taxes from 1,500 to 1,800. Housing developers have an opportunity to apply for such tax breaks through the city’s multifamily housing incentive program until the end of the year.
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