Business and Excise Taxes Business Resources Benefits Doing Business with NYC

Payment in Lieu of Taxes (PILOT) Agreements

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.

Contact Information
For program information and eligibility, contact the NYC Department of Economic Development and NYC Industrial Development Agency.

Download All NYC Property Data

The Department of Finance has made the data for all NYC properties available on the NYC Open Data portal for download. Visit the Open Data page for more information.