Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
250.0000 COLLEGE EXEMPTION
250.0005 Exclusive Use. To qualify for exemption, property must be used exclusively for educational purposes. This purpose includes facilities that are reasonably necessary to further the primary educational purpose of a university or college, such as college- or university-provided faculty and student housing. However, the mere fact that apartments are located near campus and that most of its tenants are students does not make the units eligible for the college or public schools exemption. C 12/14/2010.