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General Payment in Lieu of Taxes (PILOT)

The General PILOT, also known as Building PILOT, is designed to compensate municipalities for municipal taxes they are unable to collect on state-owned buildings. 32 V.S.A. § 3705. 

The methodology to calculate the payment is as follows:

  • Convert state-owned building values to grand list (adjusted by the local common level of appraisal) to determine what an adjusted grand list would have been if such property was taxable.
  • Determine an adjusted municipal tax rate (what the tax rate would have been if such property were taxable).
  • Determine Full Pilot by multiplying adjusted municipal tax rate by adjusted municipal grand list.
  • Prorate the payment to fit available funding.

Fiscal Year 2024 - Actual

FY24 Payments in Lieu of Taxes (PILOT) for state-owned buildings are identified in the following report. Payments will be issued in November of 2023. FY24 payments are based on the “assessed value of State buildings” as of April 1, 2022, as defined in 32 V.S.A. §3701. In FY24, $12.28075 million dollars were made available for general (building) PILOT payments. In FY24 sufficient funds are available to provide municipalities with the full calculated PILOT obligation.

FY2024 State-owned Building PILOT - ACTUAL (xlsx)

Prior Fiscal Year Year Reports (Actual)