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MA property taxes: Bill could require Harvard, MIT to pay more


Wicked Local
Cambridge, Somerville and Medford advocates are organizing with legislators across the state to ensure that large nonprofits, like Harvard University and Massachusetts Institute of Technology, pay their fair share in taxes.
Locals may be familiar with the term PILOT (Payment in Lieu of Taxes), which calls for voluntary contributions by large nonprofits in exchange for not having to pay standard property taxes. 
Cambridge has PILOT agreements with Harvard, MIT, Hult International Business School and Lesley University.
Right now, Harvard pays Cambridge about $4.3 million annually in PILOT, while MIT pays approximately $2.2 million, as well as other cash and non-cash community benefits.  ....

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Somerville, Medford MA residents organize for statewide PILOT bill


Wicked Local
Somerville and Medford advocates are organizing with legislators and residents across the state to ensure that large nonprofits pay their fair share in taxes.
Locals may be familiar with the term PILOT, which stands for payment in lieu of taxes, as Somerville and Medford have negotiated for a PILOT with Tufts University, which some residents don’t believe goes far enough. 
Right now, Tufts pays $450,000 each to the cities of Somerville and Medford as well as other cash and non-cash community benefits. If Tufts paid the equivalent residential property tax that all other residents pay, Tufts would owe $4.2 million dollars to just Somerville. ....

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