Hospitals in 18 states own a total of $170 billion in assessed real property value and benefit from a total of $4.3 billion in real estate tax exemptions. However, this benefit is not spread out equally among states. More
The recently released study was conducted by the Boston-based Lown Institute, an independent healthcare think tank. The organization examined 1,800 nonprofit hospitals in 20 states, using average numbers from 2020, 2021 and 2022.
These 20 hospitals avoided nearly $1 billion in property taxes. More
What types of initiatives are hospitals investing in to improve access to care and community health? We dug into the tax forms for some of the largest fair share surplus hospitals to find out. More