More and more churches are being approached by telecom companies to utilize their existing steeple/ bell tower infrastructure for cell tower placement. As a result of placing cell towers on church property, the church will lose tax exemption status. According to The Huffington Post, “Churches and other nonprofits often are exempt from property taxes, but only if the property is used for religious or charitable purposes. If property is used for commercial purposes, such as leasing space for a cell tower, tax assessors must charge the organizations.” As monetary and non-monetary terms vary in all cell tower and rooftop lease agreements and different financial conditions and organizational structures apply to each non-profit organization, tax review and analysis for these entities is extremely important when presented with any of telecommunication lease. Vertical Consultants can assist your church in exploring all options available to maximize the full value of your property. We have worked with Non-Profit organizations throughout North America. We will be glad to share in more detail what services we can provide and always offer a free initial review.
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