UPMC Among Nonprofits Eager to Avoid Paying Property Taxes from the Pittsburgh Post-Gazette
"By voluntarily agreeing to pay South Fayette the equivalent of taxes on 50 percent of the assessed value of the property, the $10 billion nonprofit is entering into a contract so unusual that only one other tax-exempt facility in its expansive multicounty network has a similarly structured arrangement -- UPMC Hamot in Erie, Erie County. Having two deals for the same amount -- 50 percent of the assessed value -- occur in the last year certainly caught the eyes of Allegheny County and Pittsburgh officials, who are constantly seeking new revenue sources."
This is the last in an excellent series. The rest of the series can be found HERE.
"By voluntarily agreeing to pay South Fayette the equivalent of taxes on 50 percent of the assessed value of the property, the $10 billion nonprofit is entering into a contract so unusual that only one other tax-exempt facility in its expansive multicounty network has a similarly structured arrangement -- UPMC Hamot in Erie, Erie County. Having two deals for the same amount -- 50 percent of the assessed value -- occur in the last year certainly caught the eyes of Allegheny County and Pittsburgh officials, who are constantly seeking new revenue sources."
This is the last in an excellent series. The rest of the series can be found HERE.
No comments:
Post a Comment