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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.

StateIndiana
Effected JurisdictionMarion County
Jurisdiction type: County
Fiscal year ending In2020
Program nameReal Property Tax Abatement
Program purpose: Property improvements
Statutory authority: IC 6-1.1-12.1
Abating jurisdiction(s): City of Indianapolis
Applicable taxesReal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $1,140,875
Reimbursement / offset: $0
Net revenue loss: $1,140,875
Type of loss: Passive
Additional notes on dislosure Agreements entered into by the City of Indianpois
Document sourcehttps://www.indy.gov/activity/annual-financial-reports