Teton County is set to receive just over $2 million from the federal government this year to compensate for lost property taxes from public lands.
Each year, the U.S. Department of the Interior distributes payment in lieu of taxes, or PILT, funds to rural areas that are home to federal lands.
Federal lands make up about 97% of Teton County. This year, the federal government is giving the county $2,015,808 to cover 2,624,609 acres of public lands. That’s nearly $20,000 more than last year.
Annual PILT payments are based on each county’s population and acres of federal lands. Overall, Wyoming will receive $30.2 million in PILT funds for 2019.
“Payments in lieu of taxes are made to local governments to help offset their inability to tax federal property,” U.S. Secretary of the Interior David Bernhardt said in a statement. “These payments are one example of the United States striving to be a good neighbor to local communities. This year’s distribution of $514 million to more than 1,900 counties will help small towns pay for critical needs like emergency response, public safety, public schools, housing, social services and infrastructure.”