Interestingly, there has been a number of recent articles - and approaches to IPTI for advice - on the topic of exemptions from property tax. In terms of articles, here are some selected extracts from one entitled “The Untouchables: How Columbia and N.Y.U. benefit from property tax breaks”.
The author states: As Columbia University puts the last touches on its brand-new campus in Harlem, it has reached a milestone - the university is now the largest private landowner in New York City. In a city where land is more valuable than almost anywhere in the nation, the school now owns more than 320 properties, with a combined value of nearly $4 billion. The growth has helped it stay competitive within the Ivy League and meet its broader ambitions to become a global institution.