This is article #3 in my series about abatements.  Article #1 is “Tax Abatements 101: The Basics” and Article #2 is “Tax Abatements 201: Abatement Impact on Conventional Taxpayers.” In my previous post, “Tax Abatements 201: Abatement Impact on Conventional Taxpayers”, I focused on the orange slice of the pie pieces below.  In this post I focus on the blue slices – the PILOT payments.   To shed light on PILOTs, I am using two reports from 2009 that offer opposing points of view: New Jersey Policy Perspective’s (NJPP) “All That Glitters Isn’t Gold: Property Tax Abatements in Jersey City,” a highly ...

This is Article #2 in my series about abatements, which focuses on the impact abatements have on conventional taxpayers.  My first post, “Abatement Basics,” is located here.  How important are abatements to Jersey City residents?  The answer: extremely important.  Abatement revenues – also known as PILOTs, or “payments in lieu of taxes” – have increased from 3% of the city budget in 1992⁠1 to 21% of the city budget in 2013⁠2, as shown below: In this post I’ll be looking at conventional taxes, which factor into the orange “Non-PILOT Revenue” piece of the pies above.  In my follow-up to this post (due out ...

A basic introduction to the topic of tax abatements in NJ ...