cheltenham township property taxes abatement

“If you saw the whole roll, you’d be surprised at how much money we’ve given away,” Treasurer Patricia Carcone said. Three additional tax abatements recently expired. The township currently has 10 tax abatements in effect for varying terms with two more pending. The resolution noted that “many” tax abatements were granted in the past, but concluded that additional tax abatements are “not in the township’s best interests.” Among the reasons cited were no need to offer additional incentives for a township that has experienced significant growth which has also created a large demand for improvements to public services, facilities and infrastructure. The board unanimously agreed in a resolution to stop accepting or processing applications for tax abatements. “People are even advertising: ‘Come to Lyon, you get a tax abatement guaranteed.’” “The problem with these tax abatements are they become something that is an entitlement rather than something that someone comes in and asks us for,” Supervisor John Dolan said.

Officials are reconsidering their policy that often gives industrial facilities up to a 50% break on their taxes for up to as many as 12 years in order to attract them to the township. Lyon sets moratorium on abatement requests

Lyon Township will not take any tax abatement requests from businesses looking to locate here for at least the next six months. Moba is not the first company to take advantage of the tax abatements that the township has been offering since about 2009. He anticipates Moba, which is headquartered in the Netherlands and is one of the world’s largest manufacturers of egg-handling equipment, will save at least $200,000 per year in taxes because of the abatement it was granted by the township. “We looked at several communities in the I-96 corridor and ended up leaning toward Lyon Township for several reasons, but one was because they offered tax abatements to companies coming into the township,” England said. Moba USA, Inc., was hooked and moved in January from Farmington Hills into its new facility on Lakeview Drive in Lyon with the promise of half-off its real property tax bill for seven years. When Craig England was looking for a new home for his multi-million dollar company, a 50 percent tax break was a big lure to Lyon Township.

Cheltenham township property taxes abatement