What caused the Shoreham Property Tax Settlement?
During the construction of the Shoreham Nuclear Power Plant, Suffolk County, the Town of Brookhaven, Shoreham-Wading River Central School District, Wading River Fire District and Shoreham-Wading River Library District (now succeeded by the North Shore Library District) levied and received taxes that were later determined to be far in excess of proper assessment valuations. These Suffolk County taxing jurisdictions also levied excessive PILOTs on the plant which LIPA paid beginning in 1992 when Shoreham was transferred to LIPA. The settlement was reached to address this over taxation and excessive PILOTs on the plant.
