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Fair share – who pays?

Property Taxes are heading for an increase through assessments and increased millage. There is no shortage of arguments on how to levery a fair tax. The following excerpt from the Post-Gazette certainly is an eye-opener.

-Mark Schuster

The region’s leading health care provider, which has $9.6 billion in annual revenue, 56,000 employees and 20 hospitals, also owns 656 acres of property in Allegheny County worth $1.6 billion. It is the county’s largest property owner by value and, because of UPMC’s nonprofit status, 86 percent of those holdings are tax-exempt.

Read more: http://www.post-gazette.com/stories/opinion/editorials/living-large-on-property-upmc-spends-big-and-is-taxed-little-655573/#ixzz2DGYUgcGX

The series, “UPMC: Forging a Giant Footprint,” revealed that the corporation’s charitable status saves it from paying $42 million in property taxes to municipalities, school districts and the county.

November 25, 2012

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