Following Donald Trump's call to revoke Harvard's tax-exempt status, Ivy League universities may face significant property tax liabilities. These schools are major landowners in their respective regions, historically exempt from hefty property tax bills. The complexity arises in valuing their properties, as much of the land features specialized buildings with unique purposes, making comparative market assessments difficult. The potential financial impact is profound, but the actual worth of these properties is not straightforward to determine, complicating the implications of lost tax-exempt status.
Even if tax-exempt status were revoked, assigning a dollar value to Ivy League-owned property is far from simple, making the potential financial consequences complex.
Many of these facilities are purpose-built, making their market value unclear; a neuroscience lab is costly but may have little resale value outside the university context.
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