Taxes

Businesses operating in Jefferson County as well as people living in the County will enjoy affordable tax rates in comparison to other states.

Source: Tax Foundation, 2011

Another tax advantage is New York’s tax abatement policies, which do the following:

• Eliminates corporate tax surcharge
• There is no tax on personal property or the acquisition of manufacturing machinery and equipment.
• Makes investment tax credits available to manufacturing and research and development firms
• Provides real property tax savings for new and expanding business through Payments In Lieu Of Tax  (P.I.L.O.T.) programs.