Those figures do not include the tax rates for the county and school district, which have not requested payments. The township has suggested the schools pay roughly the same amount they would pony up in municipal property taxes, or $711,000 for Villanova, $148,000 for Cabrini, and $80,000 for Eastern. But Radnor thinks the schools should be making voluntary payments in lieu of taxes, or PILOTs, to help cover respective use of police, fire and other essential services, the Inquirer said. They even hired Philadelphia consulting firm Econsult Solutions to further their case. They attract students, visitors and employ workers, for example. The schools argue that they provide great economic value to the area by just existing. The Inquirer recently reported that all three higher education institutions, which sit on some of the highest-valued land in Radnor, are exempt from real estate taxes because of their nonprofit status. Radnor Township officials want Villanova University, Eastern University and Cabrini College to start paying up. This post originally appeared in the Philadelphia Business Journal here. Photo via Flickr user Vallanova Law Library.
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