One Small City Will Press Homeless Shelter for Payments in Lieu of Taxes - NPQ - Nonprofit Quarterly: universities and the like. One fifth of Brockton’s property is tax-exempt, according to the city finance director, John Condon; out of $5.4 billion in total property value, about $1.01 billion is tax-exempt.
Mayor Bill Carpenter’s efforts are focused on groups that own $500,000 or more in real property and the plan would have nonprofits contribute 10 percent of what they would be assessed in taxes if they were not exempt the first year, 20 percent the second year, and 30 percent from then on.
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