A payment in lieu of taxes, abbreviated as PILT or PILOT, 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. == Canada == In Canada, payment in lieu of taxes are made in place of property taxes on real property owned by federal, provincial, and municipal governments and government agencies to local governments and reserves.
A payment in lieu of taxes, abbreviated as PILT or PILOT, 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. == Canada == In Canada, payment in lieu of taxes are made in place of property taxes on real property owned by federal, provincial, and municipal governments and government agencies to local governments and reserves.
Source: Wikipedia "Payment in lieu of taxes" · CC BY-SA 4.0
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