Word: tax-exempt
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This scenario is all too familiar to the citizens of Cambridge, where about half the land in the city is tax-exempt...
McDevitt says that tax assessors in Cambridge are in a good position because the city is closely knit and in good communication with its non-profit institutions. He says, however, that the city has to be careful how much it pressures these institutions because ultimately they are tax-exempt and not obliged to make a contribution...
...root of the problem is the question of what exactly should be tax-exempt. Some feel that Harvard's tax-exempt status has allowed it to expand, thereby reducing the city's tax base and increasing its financial difficulties...
This arrangement asks the state to grant more aid to cities that have a lot of tax-exempt land. Wolf says that although this bill will likely not pass, it is "a correct thing...
Currently, there is a bill in the legislature, sponsored by State Sen. Robert E. Travaglini (D-Cambridge) and State Rep. John McDonough (D-Boston), to tax one half of one percent of the value of tax-exempt land owned by certain non-profits. Cities and towns could choose individually whether they wanted to levy this tax...