Are payments for Public Domain lands computed on the same basis?
No. If there is income from these lands, a payment of 25 percent of the net income is made. These lands are also entitlement lands under the Payment in Lieu of Taxes Act (Public Law 94-565) administered by the Bureau of Land Management. Is there a minimum payment? Payments may not be less than $.75 per acre for all purchased and donated land. There is no minimum payment for Public Domain land since income from these lands will determine payment. Do payments remain the same year after year? Just as assessments on private land change, FWS areas will be reappraised by the Service at least once every 5 years. When are the payments made? Payments are usually made the first part of each calendar year. Who receives the payment? The payment is received by the unit of local government that levies and collects general purpose real property taxes. These may be counties, townships, cities, etc. How is the payment distributed? The unit of local government is responsible to pass through funds to sub
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- Are payments for Public Domain lands computed on the same basis?
