 |
Code of Federal Regulations (Last Updated: July 5, 2024) |
 |
Title 43 - Public Lands: Interior |
|
Subtitle B - Regulations Relating to Public Lands |
|
Chapter II - Bureau of Land Management, Department of the Interior |
|
SubChapter A - General Management (1000) |
|
Part 1880 - Financial Assistance, Local Governments |
|
Subpart 1881 - Payments in Lieu of Taxes |
|
Payments to Local Governments for Acquisitions or Interest in Lands Acquired for Addition to the National Park System or National Forest Wilderness Areas (31 U.S.C. 6904) |
§ 1881.31 - How does BLM calculate section 6904 payments?
Latest version.
-
BLM calculates payments by determining 1% of the fair market value of the purchased land and comparing the result to the amount of real estate taxes paid on the land in the year prior to Federal acquisition. The payment to qualified units of general local government will be the lesser of the two.