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Old 11-21-2017, 03:43 PM   #994
JumboBuc
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Join Date: Jun 2013
Location: Camberville
Posts: 1,405
Re: Fenway Center (One Kenmore) | Turnpike PARCEL 7, Beacon Street | Fenway

Quote:
Originally Posted by curcuas View Post
So it can remain vacant tax free parking for a long time. Ugh
Quote:
Originally Posted by HenryAlan View Post
Depends how Children's is using it, but if they charge employees for parking there, for example, that's considered unrelated business income, and non-profit or not, it's subject to taxation.
The link I posted above that shows parcel ownership also shows assessed value and property taxes:
Quote:
Originally Posted by JumboBuc View Post
The four parcels that make up that lot are assessed as "Commercial Land" and taxed accordingly ($25.37 annually per $1k of assessed value). By my calculation, that lot is paying a bit over $201k per year in property taxes. Notice that these parcels are owned by "BCH 819 Beacon St LLC" with a mailing address at 300 Longwood Ave (aka Boston Children's Hospital). I don't believe an LLC can be a non-profit. This is in contrast to the actual hospital parcels Children's owns, which appear to be primarily owned by "Children's Hospital Corp" and are listed as "Exempt".

A non-profit can control commercial entities (such as LLCs) within limits. They pay tax on those commercial entities just like any other organization would, including on their land holdings.

And generally: the Boston Assessing Website is really easy to use! There's no need to guess over lot ownership and property taxes; you can look it all up with a simple search! If you don't know the exact parcel address, just click around the map! Boston's neighboring cities (Cambridge, Somerville, Brookline, etc.) all have their own versions too.
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