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Nuclear Generating Plants and the Exemption Provided by Section 485 of the Real Property Tax Law

 

TABLE OF CONTENTS

  1. Background
  2. Nuclear Power Plants in New York
  3. Valuation of Nuclear Plants
  4. Fiscal Impact of PILOT Agreements
  5. Findings and Conclusions

List of Tables and Figures

Table 1. Nuclear Plant Sales
Table 2. Appraisals of Nuclear Generating Plants by NYS Office of Real Property Tax Services
Table 3. PILOT Payment Schedule and Allocation - Nine Mile 1 Plant
Table 4. PILOT Payment Schedule and Allocation - Nine Mile Plant 2 Plant
Table 5. PILOT Payment Schedule and Allocation - Fitzpatrick Plant
Table 6. Simulation of the Effect of the Nine Mile #1 ($2,890,000) and Nine Mile #2 ($18,210,000) PILOTS on the City of Oswego School Tax Levy
Table 7. Simulation of the Effect of the Fitzpatrick Plant PILOT ($3,929,580) on the Mexico School District Tax Levy
Table 8. Simulation of the Effect of the Nine Mile #1 ($1,860,000), Nine Mile #2 ($11,730,000) and Fitzpatrick Plant ($2,910,800) PILOTS on the 2002 Oswego County Tax Levy

Figure 1.

Location of Nuclear Generating Plants in New York State
Figure 2. Relationship of Nine Mile 1 and 2 and Fitzpatrick Nuclear Generating Plants to Area of Local Governments (Oswego County)

 

Updated: