Word: tax-exempt
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Some in the city blame Harvard and MIT for much of the housing squeeze, pointing to the universities' insatiable hunger for land and continuing expansion. Nearly 58 per cent of all property in the city is tax-exempt, and the tally grows larger every year, a report released by city officials a month ago shows...
...were all concerned about those activities," Horner said. The college always has to be carful that its activities do not border on the political so as not to injure its tax-exempt status, Horner added...
Draper is a non-profit, tax-exempt corporation whose "principal endeavor continues to be the application of inertial guidance technology to the development of strategic systems for the Air Force and for the Navy..." the annual report states...
...tax-exempt status of the lab doesn't take any property off the city tax rolls--the owner of the land, Cabot, Cabot and Forbes, pays taxes on it, Franklin King, vice president of the company, said yesterday...
...report shows Harvard added 631,172 square feet of taxable property and 1,333,386 of tax-exempt property to its total of more than eight million square feet of property in Cambridge...