I could explain the formula to you, but then I'd have
to kill you.
Seriously, if you want the details, I'd be glad to talk
with you. The authorization for these payments is in 32 V.S.A. sections
ANR pays 1% of
the appraised value--either the fair market value as established by PVR or the use value if
applicable. ANR determines which value to use. Think
of it as a $1 tax rate.
The PILOT for state buildings is based on the insurance
value of the buildings. Those values are provided to PVR by the entity in
charge of those buildings (UVM or State Buildings and General Services Dept. or
Vermont State Colleges). We then determine what the municipal tax rate
would need to have been to raise the same amount of dollars had those values been included in the grand list. That
rate is applied against the insurance values. Funding is limited and the
results are prorated based upon the total PILOT under the formula and the
amount of money available.
Hope this helps.
Bobbi - This is what I have come to
understand - we get some $$ for the land itself from I think forest and
parks - how its calculated is some mystery. Then, starting a few years ago
we have gotten some other $$ from some other department for the buildings -
supposedly something from the money the state gets to keep from the local option
tax. None of it is vy straightforward, but to the state there is some sort
of internal logic and the towns are better compensated than they used to
be. Townshend has a state park wh is now abt 1,000 acres.
Miki, Townshend Treasurer
----- Original Message -----
Sent: Thursday, January 04, 2007 3:34
Subject: pilot program
Is there anyone who can explain the PILOT program to me?
We have several parcels of land that are owned by the state; the largest is
the Groton State Forest. When we received the latest valuation for all
of the parcels, they seemed to be valued below fair market value, so we
appealed. After the fact, I learned that the largest parcel is paid at
use value, so what was the point of appealing? I have been told that we
are not compensated through the current use program the way that we are for
other land use properties - is that true? And if it is, why bother
assessing a fair market value? It appears that it was a waste of the tax
department's time and a waste of our attorney's fees. Does anyone know
if we are compensated some other way?
Marshfield Town Clerk
122 School Street, Room
Marshfield, VT 05658
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