Nonprofit orphanages

From the 2024 DOR Tax Exemption Study

84.36.040(1)(b) - Nonprofit libraries Additional Additional Information Information Category: Nonprofit Year Enacted: 1854 Primary Beneficiaries: 14 parcels owned by nonprofit organizations operating libraries Taxpayer Count: 10 Program Inconsistency: None evident JLARC Review: Expedited review completed in 2007 with an upcoming review in 2024 2024 Tax Exemption Study Page 526 84.36.040(1)(c) - Nonprofit orphanages Description Nonprofit orphanages are exempt from property taxes on real and personal property. Purpose Supporting the social benefits these organizations provide. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.