When real estate is held by a higher government unit or some other entity not subject to taxation by the local government, the taxing authority may receive a payment in lieu of taxes to compensate it for some or all of the foregone tax revenues.
When real estate is held by a higher government unit or some other entity not subject to taxation by the local government the taxing authority may receive a payment in lieu of taxes to compensate it for some or all of the foregone tax revenues