Word: taxed
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...second resolution, seeking to limit property tax exemptions for local nonprofits, also passed...
...It’s important we recognize the simple fact that for over a decade, Harvard and MIT have not adjusted their annual tax payment,” said Councillor Anthony D. Galluccio, co-sponsor of the resolution...
Cantabrigians have cried afoul in recent weeks after a property reassessment left some residents facing higher property tax rates, in some instances nearly double those of last year. Councillors said the controversy has highlighted the inequity between tax burdens for residents and their wealthy scholastic neighbors...
Though Harvard is Cambridge’s largest landowner, its non-profit status exempts the University from paying most property taxes. Under a payment-in-lieu-of-taxes (PILOT) agreement negotiated in 1990, Harvard is required to pay the city $1.7 million annually, in addition to $4.3 million in property taxes on non-tax-exempt land owned by the University...
...This is not the first time we’ve seen an order like this,” said Robert Winters, editor of the Cambridge Civic Journal. “Anytime there’s a dispute with Harvard or a property tax issue like we have right now, there’s immediately a knee-jerk reaction to put pressure on the universities to cough up taxes...