January 6, 2005
Tax-Exempt Property Tough on N.J., Says Report
New Jersey loses nearly $90-billion a year in potential revenue because nonprofit organizations and governments there are not required to pay property taxes, according to a new report.
The property of most of the state's nonprofit groups and governments is located in a few cities, depriving those communities of a significant amount of taxable land, said the report, published by New Jersey Policy Perspective, a Trenton nonprofit organization that studies public policy.
The
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