March 17, 2011

To Tax or Not To Tax Is Not The Question, But How?

Posted in Philanthropy at 4:13 pm by philanthropynews

Like many local governments struggling to overcome their fiscal woes, New Orleans has begun to ask if it still can afford to exempt private schools and universities, churches, charities and other nonprofit organizations from property taxes. Findings from a study released this week, and conducted for Mayor Mitch Landrieu’s Tax Fairness Commission, suggests that New Orleans will “ultimately require a significant contribution from properties that are off the tax roll,” noting that these same groups and organizations benefit from taxpayer-financed services. NOLA.com reports that the Bureau of Governmental Research calculated for its study that “43 percent of the total assessed value of property in Orleans Parish is exempt from taxation, with nearly one-quarter of the exempt property escaping taxes because it is owned by nonprofit groups.”

(Read more via The Non Profit Quarterly.)

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