Since WHT is a nonprofit corporation, are its properties removed from the local tax rolls?
No, never. WHT always pays taxes on the land and buildings it owns. In 2007, WHT paid $213,481 to the Town of Brattleboro alone and another $26,242 to other towns in Windham County. And, recent studies show that the rehabilitation of substandard properties by the Trust usually increases municipal property tax revenues. Despite the fact that the Trust’s properties are assessed (using an assessment formula mandated under state law) at a slightly lower rate because of rent and resale restrictions, the value of its properties often increases dramatically after rehabilitation work is completed, augmenting the taxes paid on those properties. These increases, as well as tax increases on improved neighboring properties, can and most often do lead to growth in local tax rolls.
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