Non-profit institutions pay little or nothing in property taxes. Should they be required to contribute to the city’s finances. It’s been the subject of much debate. Noted PlanPhilly:
Citywide, property owned by hospitals and institutions of learning has an assessed value of $1.13 billion, enough to generate $107 million in annual property taxes. If, that is, the parcels were not exempt.
Read more the role of non-profits in tax policy here:
It’s Our Money: Non-profits are non-payers
Daily Pennsylvanian: Exploring Penn’s financial contribution to the city
Now share with us what you think and why: