The Orange County Industrial Development Agency has an aggressive Uniform Tax Exemption Policy that far exceeds the tax benefits of the standard New York State 485-b exemption, thus making Orange County a strong competitor in attracting business development and growth. For a qualified and approved project, the IDA takes title or a leasehold interest in the property thereby technically making the property exempt from all real property taxes. However, the IDA requires the execution of a Payment in Lieu of Taxes (PILOT) Agreement with the company which requires the company to pay the current real property taxes, including land and special district taxes, to the County, Town/Village and School District in which it is located and a graduated percentage of taxes upon the improvements constructed on the property.
The Orange County Industrial Development Agency has adopted a Uniform Tax Exemption Policy (UTEP) program targeted to business and industries that will provide meaningful jobs.
For the most recent version of the UTEP, please see the documents page.