What is the charitable exemption?
(M. G. L. Chapter 59 §5, clause Third) The law provides for exemption of certain personal and real property of charitable organizations. Not all charitable organizations will qualify for this exemption, and not all real estate of qualified organizations will be eligible for exemption. The term “charitable” is defined in M. G. L. Chapter 59 §5, clause Third and is further defined in the many Massachusetts court opinions that have been published with respect to this exemption.
Related Questions
- Rateable Value Q: A premises has 50% of their rateable value waived as a charitable organisation. How should the applicant calculate the rateable value of the premises for conversion purposes?
- To what charitable causes will the money raised through the Sean Caton Memorial Foundation go towards?
- What is a St. Josephs Charitable Gift Annuity?
