Multipurpose senior citizen centers

From the 2024 DOR Tax Exemption Study

84.36.670 - Multipurpose senior citizen centers Description One or more contiguous real property parcels and personal property owned by a senior citizen organization are exempt from taxation if the property is used for the actual operation of a multipurpose senior citizen center. This includes property loaned or rented to the multipurpose senior center. The exempt property may be used for fund-raising events and activities. Purpose To provide tax relief to senior citizen organizations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.014 $0.014 $0.014 $0.015 Local Taxes $0.041 $0.043 $0.045 $0.048 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ 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 $0.001 $0.003 $0.003 Assumptions - Total estimated exempt valu