Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Tennessee |
| Effected Jurisdiction: | Knox County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | Payment In Lieu of Taxes (PILOT) |
| Program purpose: | General Economic Development |
| Statutory authority: | Tennessee Code Annotated Section 7-53-101 |
| Abating jurisdiction(s): | Knox County |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | The agreements include a provision for the recapture of abated taxes in the event an abatement recipient does not fulfill the commitment it makes in return for the tax abatement. |
| Gross revenue loss: | $6,637,853 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $6,637,853 |
| Type of loss: | Active |
| Additional notes on dislosure: | Includes 76 PILOTS that "are all similar in nature incorporating the requirements mentioned above which include renovating buildings for the betterment and welfare of the citizens of the communities where they are located." |
| Document source: | https://www.knoxcounty.org/finance/pdfs/cafr/2022cafr.pdf |
