The Hochul administration is refusing to release details about how much the property tax abatement is worth to the developer. A 30-year property tax abatement likely worth millions for the 251-unit apartment building. Typical property tax abatements in Buffalo are 10 to 12 years long. Property tax abatements granted by the Erie County Industrial Development Agency range from five to 10 years. Last July, Empire State Development quietly approved the 30-year property tax abatement.