 The tax break was extended in 2005.Under the ordinance, tax on the improved part of the property would be phased in over five years, and the owner would not pay the full amount of municipal and school district taxes on the improvements until six years after the abatement is granted.To be eligible for the tax abatement, properties must be deemed “deteriorating” (“a commercial, industrial, retail or other non-residential business property… that has fallen into a state of degeneration, decline or disrepair…”) and be in one of the Township's five commercial districts – Glenside, Elkins Park East, Elkins Park West, East Cheltenham Avenue and Cheltenham Village.