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Stanford surpasses Getty Museum as largest recipient of property tax exemptions in California

Original post made on Dec 20, 2022

Stanford is the largest recipient of property tax exemptions in California. It received more than $16.8 billion in exemptions last year.

Read the full story here Web Link posted Tuesday, December 20, 2022, 8:13 AM

Comments (4)

Posted by Soccer mom
a resident of Menlo Park: other
on Dec 20, 2022 at 12:23 pm

Soccer mom is a registered user.

From the article: Private universities, hospitals, religious organizations and public schools are among the organizations eligible for property tax exemptions under state law. The spirit of these exemptions is that the loss of tax revenue is recouped through community services provided by these organizations.

Sounds like the state law should be revisited?

Posted by Observer
a resident of Menlo Park: Central Menlo Park
on Dec 20, 2022 at 4:12 pm

Observer is a registered user.

Laws need to be changed. Absolutely no nonprofit property tax exemptions for faculty and staff on or off Stanford property.
Does Stanford get exemptions for the Stanford shopping center and Stanford industrial park. If they do that should stop.

Posted by Jon Castor
a resident of Woodside: Woodside Heights
on Dec 21, 2022 at 5:53 am

Jon Castor is a registered user.

To Observer re your question. From the article: “Stanford has… significant lands in the Stanford Research Park and at the Stanford Shopping Center … that are not exempt and generate significant tax revenues…”

Posted by Peter Carpenter
a resident of Menlo Park: Park Forest
on Dec 22, 2022 at 1:11 am

Peter Carpenter is a registered user.

he taxes generated by Stanford Research Park companies support a brighter future for local students. The Research Park contributes $24 million to our local schools every year — the equivalent of 144 full-time teaching positions.

Arne Lim

Retired Palo Alto Unified School District Teacher

"Businesses located in Stanford Shopping Center and Stanford Research Park generated 45 percent of Palo Alto’s sales tax revenue — $13.1 million — in Fiscal Year 2018-19."

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