Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
880.0000 WELFARE EXEMPTION
(a) IN GENERAL
880.0072 Co-ownership. Real property transferred by will to a welfare organization and a college as joint owners is not eligible for the welfare exemption or the college exemption. Both of these exemptions are exclusive use exemptions; ownership alone is not sufficient. While the welfare exemption does require ownership, it also requires use for exempt purposes and activities and may not be applied in a manner that would result in enlarging the college exemption. C 10/29/1986.