In each and every PILOT arrangement, land taxes are still paid and the school board still receives its portion of the land tax. The statement about taxes is Completely wrong and The college board is aware of it. The statement that home values experience is made without any basis of help whatsoever and therefore either incorrect or highly irresponsible," Barberio explained.
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PILOT agreements, also called municipal tax abatements, are deals that permit a developer to change their standard tax payments for your residence to a fixed, annually payment towards the municipality.
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