Idaho to get $27M in PILT payments

Idaho will receive about $27 million in 2012 PILT payments.

More than 18,000 American communities will receive a record $393 million in PILT funds this year. PILT stands for “payment in lieu of taxes” and is intended to compensate local governments which cannot collect property taxes on federally owned land within their boundaries.

In eastern Idaho, Bonneville County will receive the most, at just over $1.1 million and Madison County the least at just more than $48,000. The payments are based on the amount of federal property within each county’s boundaries.

Bannock $459,534 Bear Lake $491,321 Bingham $740,696 Butte $312,598 Bonneville $1,156,492 Caribou $298,000 Clark $157,576 Custer $719,472 Franklin $211,619 Fremont $738,294 Jefferson $367,937 Lemhi $899,963 Madison $48,755 Power $724,378 Teton $163,822