Did You Know?
Pine Bluff's airport, Grider Field, is the only ILS-equipped, jet capable airport in Southeast Arkansas and is a designated reliever for Little Rock National Airport.
Payment-in-Lieu-of-Taxes Program
Real and personal property financed by revenue bonds and general obligation bonds may be exempt from property taxes during the lease-amortization period in which a local government retains title to the property. Payments by businesses to local governments in lieu of property taxes are generally encouraged and negotiated between the parties involved.
The negotiated payment in lieu of property taxes shall not be less than 35 percent of the property taxes that would have been paid if the property were on the tax rolls.