The Short North’s Jackson on High project has been cleared for a full real-estate tax abatement over 10 years for residents of the high-end project.
Developer JBH Holdings said Columbus City Council approved the incentive Monday. The abatement, which comes out to roughly 2 percent of the purchase price annually, will save the owner of a $300,000 condominium about $57,000 over the life of the credit.
A JBH spokesman said about half of the 44 units have been sold in the eight-story development, set for completion early next year. Developer Brad Howe has said sale prices range from $200,000 to $900,000 with units ranging from about 900 to 2,500 square feet in size.
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