The City of Portland is expected to reopen discussion of implementing a Payment-in-Lieu of Taxes (PILOT) program in order to extract revenue from tax exempt property owners, such as hospitals, universities, nonprofit organizations and churches.
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The Portland City Council’s Finance Committee will discuss the development of a PILOT policy at their meeting this Tuesday , though will not take any action on implementing the policy at the meeting.PILOT refers to payments made to governments in the place of property taxes meant to pull revenue from tax exempt organizations.The federal […]
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