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 or Territory: | Tennessee |
| Effected Jurisdiction: | Knox County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2023 |
| 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: | $4,614,915 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $4,614,915 |
| Type of loss: | Active |
| Additional notes on dislosure: | 85 PILOTs |
| Document source: | https://www.knoxcounty.org/finance/pdfs/cafr/2023cafr.pdf |
