Elderly exemptions, Property tax relief (Individuals), Assessment reviews and appeals, Life care communities
With the aging of society and growth in the senior housing industry, states must reexamine whether, under each states’s law, today’s “nonprofit” senior housing facilities should remain, or be entitled to, a property tax exemption if those facilities do not serve the underprivileged. Adopting federal 501(c)3 status as the standard for granting a state property tax exemption for senior housing facilities may unfairly shift the tax burden.
Hagopian, Gregg C.
"'Nonprofit' senior housing and property tax exemptions,"
Assessment Journal: Vol. 7
, Article 1.
Available at: https://researchexchange.iaao.org/assessment_journal/vol7/iss6/1