“There is no reason for these property tax exemptions”

Executive Summary

Nonprofit universities are not required to pay property taxes on much of their land and non-commercial buildings, an exemption that some cash-strapped cities want to end. Supporters of the exemption say the schools provide a number of services that local governments would otherwise have to make available. A key takeaway:

  • Princeton University agreed last year to pay $18 million to settle a lawsuit that sought to eliminate the school’s exemption from property taxes.

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DOI: 10.1177/237455680332.n6