Nonprofit private K-12 schools

From the 2024 DOR Tax Exemption Study

84.36.050(1) - Nonprofit private K-12 schools Description Property taxes do not apply to real and personal property used by private, nonprofit schools offering education from kindergarten through high school. The exemption applies to buildings and grounds used for educational, athletic, or social programs and housing of students and faculty. The maximum amount of real property exempted is 400 acres. Purpose Supporting the K-12 education provided by nonprofit organizations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $2.387 $2.445 $2.503 $2.565 Local Taxes $7.061 $7.456 $7.874 $8.317 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.218 $0.428 $0.450 Assumptions - The total estimated exempt value is $1.1