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%

Program Overview

Implementing Sector:	Local
Category:	Financial Incentive
State:	Tennessee
Incentive Type:	Property Tax Incentive
Web Site:	https://ctycms.com/tn-memphis/docs/pilot-application-10252023.pdf
Administrator:	Center City Revenue Finance Corporation
Start Date:
Eligible Renewable/Other Technologies:	Comprehensive Measures/Whole Building
Incentive Amount:	15 year tax abatement

Contact

Name:	Brett Roler
Organization:	Downtown Memphis Commission
Address:
Phone:	(901) 575-0574
Email:	roler@downtownmemphis.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.