485-e Property Tax Abatement Program
**No longer available, as of 6/30/10**
Authorized exemption from real property taxation is available for
real property constructed, altered, installed, or improved in a designated
Empire Zone area
100% of the “base
amount” in the 1st seven years of the exemption; 75% of the
amount in the 8th year; 50% in the 9th year and 25% in
the 10th year
An RP-485-e Real
property Tax Exemption Application must be filed with the Town of Union Tax
Assessor on or before the appropriate taxable status date and within one
year from the date of completion of construction, alteration, etc.
If you would like to
see if your proposed project is located in a designated Empire Zone
area view the following
Town of Union Economic
Development Map (.pdf) and/or call the Town of Union Economic
Development Director at (607) 786-2945 or e-mail at
economicdevelopment@townofunion.com
for more information.