Tax-Exempt Property

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Tax-Exempt Property

Real estate that is not subject to property tax. A tax-exempt property may be owned by a government or by a charity, especially a house of worship. See also: Waqf.
References in periodicals archive ?
Appendixes include: (1) Survey Forms; and (2) Dickinson Taxable and Tax Exempt Property.
Some of the proposed changes are positive - particularly the introduction of REITs, the special tax exempt property investment vehicle.
Also factored into the rating is the city's reliance on transfers from the utility system which allow it to benefit from its high amount of tax exempt property, manageable debt levels, and limited capital needs.
2%, due primarily to the large amount of tax exempt property within the city and the frequent extension of city credit to economic development projects.