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.
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.
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