taxing certain properties owned by charitable or non-profit organizations.

Summary

The measure changes state law so that any charitable or non‑profit organization whose buildings and land are worth more than $1 million in a municipality must pay property tax on the amount above that threshold. Municipalities can vote to raise the exemption limit, and organizations can avoid the tax by signing a voluntary payment‑in‑lieu agreement. It is intended to generate additional local revenue from large non‑profit holdings.

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