A payment in lieu of taxes (usually abbreviated as PILOT, or sometimes as PILT[1]) 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.
- ^ "Payments in Lieu of Taxes". U.S. Department of the Interior. 9 June 2015. Retrieved 2018-10-25.
Payments in Lieu of Taxes (PILT).
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