Questions: If established for charity and nonprofit, hospitals are NOT subject to real estate taxes.

If established for charity and nonprofit, hospitals are NOT subject to real estate taxes.
Transcript text: If established for charity and nonprofit, hospitals are NOT subject to real estate taxes.
failed

Solution

failed
failed
Answer

The answer is True

Explanation
Option 1: True

Hospitals that are established as charitable and nonprofit organizations are often exempt from paying real estate taxes. This is because they are considered to be providing a public benefit by offering medical services to the community, often at reduced or no cost to those in need. The tax-exempt status is intended to support their mission of serving the public good.

Option 2: False

If a hospital is not established as a charitable or nonprofit organization, or if it does not meet the specific criteria set by local or state laws for tax exemption, it may be subject to real estate taxes. However, the question specifies that the hospital is established for charity and nonprofit purposes, which typically qualifies it for tax exemption.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Given the rational Always rational Oblivion and waiting Can be a rational or irrational depending on the rationals used
failedAnswered
In mitosis each parent cell produces daughter cells, while in meiosis, ga 4,2 22,44 23,46 2,4
failedAnswered
According to your text, what has allowed small firms to compete head-to-head with large, established brands? The advent of digital distribution and promotion mechanics The widespread global acceptance of new brands The better integration of supply chains The reduced costs of all forms of traditional advertising
failedAnswered
If the CDD School has an ROE of 17 percent and a payout ratio of 20 percent, what is its sustainable growth rate? 11.74 % 13.74 % 15.74 % 17.74 %
failedAnswered
Calcular la magnitud de la fuerza eléctrica entre dos cargas cuyos valores son: q1=-2 mC, q2=6 mC, al estar separadas en el vacío por una distancia de 40 cm. Determinar también la magnitud de la fuerza eléctrica, si las cargas se sumergieran en agua.