Can my business get a 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.
