What affect do exemptions have on schools?
• Loss of revenue • Other taxpayers share more of the tax burden. What types of properties qualify for exemption? • schools, churches and colleges • government and public property • certain publicly owned athletic facilities • nature preserves • public grounds • municipal utility works • rural water systems • property used for charitable or public purposes • childrens homes • graveyards • veterans monuments or historic buildings • pollution control facilities • energy conversion facilities • port authority railroads • certain mineral deposits • certain graveyards. • certain monuments. • lands, houses, and other buildings belonging to a county, township, or municipal corporation and used exclusively for the accommodation or support of the poor • lands, houses, and other buildings leased to the state or any political subdivision for public purposes. • all property owned and used by a nonprofit organization exclusively for a home for the aged, as defined in section 5701.13 of the Revised
