Subsidized Housing Complex Doesn't Qualify for Property Tax Exemption

摘要

The owner of a government-subsidized apartment complex is not entitled to a property tax exemption for charitable use, the Ohio Supreme Court ruled. (NBC-USA Housing, Inc.-Five v. Levin, No. 2009-0919, 2010 WL 1508271 (Ohio), April 12, 2010).rnNBC-USA Housing, Inc., a nonprofit organization jointly owned and operated by two Baptist churches, owns and operates a Section 202 project for tenants who are elderly or disabled.rnNBC filed an application for a tax exemption, claiming it used the property exclusively for charitable purposes. The tax commissioner denied the exemption and held that property leased for residential purposes could not qualify for the exemption, even though the owner is a nonprofit with charitable-minded motives.