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Committee questions $41 million figure and cites 532 pilot agreements

Shelby County Board of Commissioners, Payment-in-Lieu-of-Taxes Ad Hoc Committee (pre-meeting) · January 10, 2025
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Summary

Members said the $41 million figure in the draft resolution is based on assessments of record and may undercount actual abatements; staff noted there were 532 pilot agreements as of end of November and that reappraisals are underway.

Committee members queried a $41,000,000 figure in the draft resolution and asked whether it reflected current valuations or only assessments of record. One committee member clarified that the "$41,000,000 is based on the assessment of record," and staff said reappraisals—part of the assessor's four-year cycle—are underway and could change totals.

The group also confirmed the count of pilot lease agreements cited in the draft: "as of the end of November was 532," a member said. Staff warned that pilots are being added monthly and recommended drafting language that references an "ever-increasing 500-plus" total rather than a static number to avoid rapid obsolescence.