Reply to Lee Montessori locations: at the open house they said Brookland or Woodridge

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Potomac prep is 100,000 square feet (ITS is 70k MV I think 40k). The average elementary charter school is 114 square feet per student. Even if Lee grew to 250, that would be 400 square foot per student. The taxes alone on Potomac prep is $160k per year. If Lee can afford the potential cost on a building that large more power to them. I'd be concerned that budget wouldn't last and other thing would be sacrificed. Even if they leased out the basement. Next year, with under 100 kids, there would be a major defector for many years to come, if not forever.[/quote]

Taxes are not  $160k per year. You are looking at the bill from 2010 for six months. That's not what a 501c3 school pays. (Which is nothing)[/quote]

The building's owner pays property taxes on it. This building was leased by Potomac, not owned. They paid property taxes as part of their rent. [/quote]

No they did not. They are exempt from property taxes.[/quote]

Yes they did - all charters do - they can, however,  request reimbursement at the end of the year, but they all have to pay property taxes as part of their rent. [/quote]

Only those owned by for profit companies have to pay taxes. If the school owns it's building outright it is tax exempt, or if it leases from the DC government it is tax exempt.[/quote]

DC tax records show zero tax due or paid.[/quote]

They probably did an application for tax exemption, which is allowable if the building is operated by a non-profit for educational purposes.

http://otr.cfo.dc.gov/publication/exemption-dc-real-property-tax

http://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/otr_fp300_formfillable_2010_0.pdf[/quote]

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