Nonprofit Property Tax Exemption

Tax exempt nonprofits are not afforded a blanket tax exemption from taxation on a nonprofit’s sales, or use of tangible personal property or real property.

There are many circumstances in which a nonprofit is required to pay or collect sales tax on a particular transaction or is assessed property tax on the real property it owns, notwithstanding its federal or state Tax exempt status.

Individual states define rules regarding the imposition of local taxes on particular property and activities and it is incumbent on nonprofits to understand state-specific rules relating to specific types of transactions to ensure compliance.

Tovella Dowling assists clients in evaluating the availability of tax exemption opportunities applicable to their operations and assets and assists in the application and renewal of such exemptions once secured.