City of Memphis - PILOT Program

July 23, 2024

Summary

The City of Memphis' Payment-in-lieu-of-taxes (PILOT) program offers longer tax abatement periods (15 years) for projects involving new construction or significant renovations that achieve LEED or Net Zero Certification. In order to qualify, projects must be located in Memphis Central Business Improvement District. Projects must meet three of the following criteria:

• Project includes the redevelopment of a property certified as blighted by DMC staff
• Project includes the adaptive reuse of an existing building
• Project will Infill a vacant lot or surface parking lot in the Downtown Core (must be condition prior to
  acquisition)
• Project includes the renovation of a contributing structure in a National Register Historic District or an
  individually listed property on the National Register of Historic Places.
• Project will achieve LEED or Net Zero Certification
• One of the following geographic priorities can be counted:
• Project is located in a Memphis 3.0 Accelerate Anchor
• Project is located in a designated retail node or the Downtown Core
• Project is located in a census tract with poverty rate over 20%