REAL PROPERTY TAX EXEMPTIONS

If you are a nonprofit and own real property, you may qualify for real property tax exemptions. Many not-for-profit entities that own real property and use it in furtherance of the entity’s exempt purposes are entitled to a full or partial exemption from real property taxes.  If you are a member or director of a charitable, religious, educational, hospital, or other 501(c)(3) or tax-exempt entity that owns real property, our attorneys can help you determine whether your entity qualifies for a real property tax exemption and assist you with filing your exemption or renewal application.

Many commercial real property owners may also qualify for real property tax exemptions.  For instance, real property that has been constructed, altered, or improved for the purpose of commercial, manufacturing, business, or industrial activity may be exempt from taxation and special ad valorem levies to the extent of 50% of the enhanced value of the property.  The exemption percentage is reduced by 5% each year for a ten-year period, thereby reducing the taxable value of the property and lowering the real property taxes.

We have been successful in helping various non-profits and commercial real property owners file and renew these exemptions.  Give us a call today to see if you qualify.  The March 1, 2024, deadline is quickly approaching.

Types of exemptions from property taxes include, but are not limited to, the following:

  • Agricultural
  • Forest
  • Business Investment Exemption
  • Non-profit
  • Charitable
  • Religious
  • Hospital
  • Historical
  • Environmental
  • Solar

Give us a call today at (845) 764-9656 to see how we can help you.