30 Year Pleasantville NJ Tax Break?

Does This 30 Year Pleasantville, NJ Tax Break Make Sense?

Pleasantville now has the 8th highest real estate tax rates in NJ.  A $180,000 home pays $8,629 per year.

Under the proposed P.I.L.O.T. (Payment In Lieu of Taxes), each new apartment, which will be worth at least $180,000, would pay roughly $2,100 each year for the next 30 years.

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