Does TMTC pay taxes to local counties and local school districts? Will these taxes be paid based on the property valuation alone or the property valuation with an agricultural exemption?
A. TMTC is a Texas Not-For-Profit Corporation and pays the same taxes as any other Not-For-Profit including ad valorem taxes to the local communities. As a Not-For-Profit it would be in their best interest; as it would be to any landowner in the county, to look for applicable tax exemptions. TMTC will probably look into agricultural exemptions or possibly even a wildlife exemption based on the sanctuary area(s) that TMTC plans on placing on future properties. TMTC is not in business to make a profit; it is in business to serve or help serve a large, historically neglected, population across the state of Texas and the goal of the parks including BMRA and future properties is to do nothing more then break even as TMTC serves the community. It might be good to point out that all the BOD positions at TMTC are voluntary. No BOD member is paid by the organization (beyond normal expenses) and that is purposely written into the TMTC by-laws. In addition all BOD members must pay their annual du
Related Questions
- Does TMTC pay taxes to local counties and local school districts? Will these taxes be paid based on the property valuation alone or the property valuation with an agricultural exemption?
- How does the Assessment affect the property taxes I pay? What taxes are based on the Assessed Property Value?
- Should senior citizens pay school taxes?
