Large and wealthy non-profits, such as hospitals and colleges, often escape paying property taxes on their vast real estate holdings—totaling more than $5.1 billion statewide.
Even worse, the balance between economic growth and conservation is lopsided. In Maine alone, 2.2 million acres of land have been set aside for conservation by the federal and state governments and non-profit organizations, including land trusts. When combined with easements, nearly 20 percent of our state is conserved from development at a time when we should be promoting growth and economic development.
The total estimated value of land that has been either removed from the tax rolls or prohibited from development is $1.8 billion.