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Department of State

Business Assistance Programs

The Hon. Tahesha Way, Secretary

Property Tax Abatement

Payment In Lieu of Taxes/Long Term Property Tax Abatement

This abatement is negotiated in advance and requires the municipality to pass an ordinance authorizing the abatement. The property tax abatement is provided in the form of annual payments in Lieu of Taxes (PILOT) and the term is negotiated with the municipality. At your request, the BAC can assist in your negotiations with the host municipality. Call (609) 292-1636 to speak with a Business Advocate.

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