One-Third of Property in Providence Is Exempt From Tax: That's a Lot

A new study shows that one third of all property in Providence, Rhode Island is exempt from property taxes.

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The value of exempt land has doubled since 2001, in part because many nonprofits have been buying up property. This is not unique to Providence, as most large cities face the same problem. Exempting some property (or in this case, a lot of property) from tax means that the taxable property (all of us not exempt) bears a heavier burden. And not only are the exempt organizations not paying taxes, they are using city services.

View TaxAnalysts' David Brunori's opinion in its entirety on TAX.com.