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Resolution directing the Director of Finance and the City Solicitor to determine the true fair market value of property owned or held by tax-exempt institutions and organizations in the City of Pittsburgh as of January 1, 2022, the estimated amount of payroll preparation taxes these institutions would be required to remit to the City were they for-profit organizations for the purposes of establishing payments -in-lieu-of-taxes (PILOT) agreements and authorizing the Mayor, the Director of Finance and the City Solicitor to enter into an agreement or agreements with institutions of higher learning and/or institutions of purely public charity for the purposes of collecting payments-in-lieu-of-taxes (PILOTS).
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Whereas, "The Institutions of Purely Public Charity Act of 1997", the Act of November 26, 1997, P.L. 508, No. 55, also known as Act 55 of 1997, exempts organizations deemed as charitable by the Commonwealth from their real estate and certain other tax obligations; and
Whereas, it is estimated that 36% of the property in the City is exempt from real estate taxes; and,
Whereas, the City's largest revenue source is the real estate tax; and,
Whereas, there are approximately 143,000 parcels of land in the City, and the value of the land and the improvements on said land, as of October of 2020 exceeds $33.5 billion dollars, an increase of over fifty percent (50%) since 2009; and,
Whereas, the estimated 500 parcels owned by just the University of Pittsburgh, Carnegie Mellon University, Duquesne University, Carlow University, Chatham University, Point Park University, Robert Morris University, Allegheny Health Network and UPMC represent less than four-tenths (4/10) of 1% of all land in the City yet have a current assessed value of $3.7 billion dollars, eleven percent (11%) of the assessed value of all 143,306 parcels in the City and are exempt from real estate taxation; and,
Whereas, were these organizations subject to the real estate tax, just the abov...
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