Taos County is set to receive $1,836,464 in a yearly allocation doled out to counties with large tracts of federal land.The Payment In Lieu of Taxes program (PILT) is …
Taos County is set to receive $1,836,464 in a yearly allocation doled out to counties with large tracts of federal land.
The Payment In Lieu of Taxes program (PILT) is meant to help areas to offset the loss of local property taxes because of nontaxable federally owned lands within their jurisdiction, such as the Carson National Forest and the Río Grande del Norte National Monument.
The 2019 payment is down slightly from 2018, which was $2,036,719.
The payment is calculated based on the amount of nontaxable federal land and the population.
This year, five New Mexico counties received more than $3 million and five counties, including Río Arriba County, received more than $2 million.
"I'm proud to continue working to deliver these critical payments for New Mexico. But without permanent PILT funding, communities are often left wondering whether they will receive the payments they rely on - and are owed - to provide these basic services," said U.S. Sen Tom Udall, D-New Mexico.
A number of reforms to the way PILT payments are calculated and the schedule on which they are delivered have been proposed over the years.
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