Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > C > 250.0000 COLLEGE EXEMPTION > 250.0018

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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C

250.0000 COLLEGE EXEMPTION

Annotation 250.0018

250.0018 Ownership. Property used exclusively for educational purposes by a nonprofit institution of higher education includes property owned and used by an agent of that college if the agent is: (1) nonprofit, (2) controlled by college(s) qualifying under section 203 of the Revenue and Taxation Code, and (3) operating the property for the exclusive benefit of the qualifying college(s), pursuant to the mandate of the organizational documents of the qualifying college(s) and the nonprofit institution. C 7/27/2000.