Payment in Lieu of Taxes (PILOT) Agreements

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Manufacturing, industrial, and not-for-profit companies may receive property tax incentives through agreements with government agencies. The two agencies that issue these agreements are NYC Industrial Development Agency (IDA) and NYC Economic Development Corporation (EDC). Through these agreements,

properties are exempt from property taxes and instead make a Payment in Lieu of Taxes (PILOT).

The Department of Finance (DOF) calculates, bills and collects most PILOT payments.


Cost Services Group is part of the NECS Group of Companies

We are located in Brooklyn, New York at 1274 49th Street Brooklyn NY 11219 Phone: 855.733.1100