Just for general info - I called assessors office and they said I can opt out by simply sending them a letter. But I need to do that before 10/1, so I missed the boat for 2019 and need to wait until 2020.

Hmm, any individual has an experience with opting out of the contract?

I am in a similar situation, what needs to be done to opt-out of abatement contract?
Thanks

Thanks mscottc, it is starting to make more sense.

Since the PILOT agreement is based on Unit Sales Price, I dont see Imputed Debt Service charge changing for me. Is that correct?

If so, my total taxes with reval under PILOT will exceed the taxes I would have paid if there was no abatement. Which seems odd.

I am in the same boat as OP and tried to follow the suggestion to calculate my abated taxes, but on my letter there are line items like "Imputed Debt Service" and "Common Charges". Any pointers on how to calculate those? Or should I just assume the ratio of Imputed Debt Service / Unit Sales Price and use it to calculate PILOT amount?