Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
880.0000 WELFARE EXEMPTION
(c) WELFARE EXEMPTION—HOSPITAL PURPOSES
880.0640 Leased Property. While hospital property may be used by licensed physicians for the practice of their profession without losing exemption, the lease of a portion of a hospital property to a for-profit corporation owned, in part, by some of the hospital's physicians disqualifies that leased portion of the property. C 10/19/1987.