Chart: How much property the tax-exempts own in Providence
March 29th, 2012 at 2:20 pm by Ted Nesi under Nesi's Notes, On the Main Site
Here’s an interesting chart city officials gave out on Thursday afternoon at a hearing on a bill to force tax-exempt institutions to pay 25% of the tax bill they’d owe if their property was taxable. It shows the latest assessments of property owned by the seven largest, led by Brown University and Lifespan hospital group:
• Related: Moody’s: Cities must balance tax-exempts’ cash, contributions (Feb. 15)
Tags: brown university, care new england, chartercare, johnson & wales university, JWU, lifespan, municipal, nonprofits, providence, providence college, providence financial crisis, rhode island hospital, RISD, roger williams hospital, tax-exempt
Nesi's Notes covers politics and the economy in and around Rhode Island for WPRI.com. (Twitter: 
If you look at the tax rates that should be paid, you then know why no private sector company would set up shop in Providence or Rhode Island.
I don’t see the Catholic Diocese on that list.
Have any PILOT agreements included payments from religious institutions?
I don’t think so, but the label on that chart is “Tax Exempts.”
Ted, considering how many political opinions that Tobin tries to foist onto the state through his mouthpiece Projo the Catholic Diocese should be on that list.
In addition there are several for profit companies that make a payment in lieu of taxes rather than what their actual tax would be including National Grid and the Providence Place Mall.
Then there is the State & Federal governments which pay no taxes.
The average municipality in Rhode Island has about 13% of its tax base off the books while Providence, if memory serves me correct, has about 36% of its tax base off the books.
It seems like some very high numbers….great information though thanks for sharing!
Have you looked at this proposal? http://www.righttax.org/3TaxExempts.html
I’d appreciate your thoughts.
Pretty outrageous property value figures – jeez, that’s rubbing it in!