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A payment in lieu of taxes, abbreviated as PILT or PILOT, [1] [2] [3] is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property.
At issue are a series of tax incentives known as PILOTs - or payment in lieu of taxes - authorized by the Barberio administration to developers to encourage them to tear down the town's glut of ...
The Millcreek Township General Authority will pay the Millcreek Township School District $230,000 over five years. Millcreek schools to get payments in lieu of taxes on public-owned West Eighth St ...
Pennsylvania makes payments in lieu of taxes for state forests, parks, and game lands. As part of the finished budget, counties will benefit from the first rate increase in years.
Payment in lieu of taxes (PILOT) is an agreement under which a company can pay the city an agreed-upon amount instead of the property taxes they would normally be assessed. The BDC controlled 12 PILOTs as of October 2011.
Payment in lieu of taxes From the plural form : This is a redirect from a plural noun to its singular form. This redirect link is used for convenience; it is often preferable to add the plural directly after the link (for example, [[link]]s ).
Not every property in Salem is required to pay taxes. Schools, churches, nonprofits and government facilities are among those exempt. In the 2022 tax year, tax-exempt properties accounted for $5.5 ...
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