Word: taxed
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Dates: during 1980-1989
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City records seem most up-to-date for the Fly Club, showing that the club has sought tax reductions in several ways, at least one of which capitalizes on the club's promixity to Harvard...
...doing this and by claiming that the garden property is not a part of the club, the Fly Club was able to get the land classified at the lower residential tax rate. City officials agree that had the club not subdivided the property, it would have paid the commercial rate on all of it. The club would have to pay several thousand dollars more in taxes if the garden property were considered commercial...
...Some tax experts--including Hand Professor of Law Oliver Oldman--have said that this sort of trust is unusual. Oldman said that if the land is really used primarily in connection with adjacent commercial property, it should be taxed commercially. The Fly Club uses the land for parties and receptions...
...some experts say that dividing land into small plots may not be all that strange. The tax assessors say that the city taxes land based on what it is used for, not on who owns it, adding that the building department would not have allowed the club to subdivide the land if they thought it were really a part of the club...
...Director of Reevaluation Peter Helwig says, "The more valuable land is, the more it gets chopped up." Helwig says that since land prices in Cambridge are "so collossaly high," many business are investigating fancy tax loopholes, like those the clubs have used. And Helwig says this is particularly true of non-profit organizations...