Don't worry, there won't be a test. Download a complete list of real estate tax incentives here.

LERTA or Local Economic Revitalization Tax Act's primary mission is to improve the economic and business climate of certain residential and commercial districts. Purchasing a condo at McCleary School Condos provides home buyers with a unique and enticing incentive. Each year for 10 years, buyers receive a real estate tax abatement of up to $ 6,180. This tax abatement can reduce your mortgage payment by more than $500 per month. 

Calculate your savings based on the purchase price of your home here.