Posts Tagged ‘payments in lieu of taxes’
Drop the PILOT? Not Yet, Say Cash-Strapped Municipalities
by John O. Harney
December 2, 2010
Private colleges, nonprofit hospitals, museums, soup kitchens and churches are exempt from property taxes. As cash-strapped host municipalities look for more revenue, their interest in collecting payments in lieu of taxes (PILOTs) from charitable nonprofit organizations will grow, according to a report by the Cambridge, Mass.-based Lincoln Institute of Land Policy.
In recent ...
Read MoreTags: John O. Harney, municipalities, nonprofits, payments in lieu of taxes, PILOT, property taxes | No Comments
