« Return to search form

Tax Break Tracker Individual Entry

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.

Effected JurisdictionKnox County
Jurisdiction type: County
Fiscal year ending In2022
Program namePayment 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 taxesProperty 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 dislosureIncludes 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 sourcehttps://www.knoxcounty.org/finance/pdfs/cafr/2022cafr.pdf