A little known law allows landlords a tax exemption if they lease to an educational institution has added yet another dimension to the CWI land saga.
County records reveal that Sundance Investments has obtained a 100% tax exemption on a building ay 1360 S. Eagle Flight Way for the past six years. The Building is valued at $5,525,400 which means the owners save about $93,000 in property taxes.
The Ada County commishes grant the exemption each year based on an annual application for exemption.
Buildings also leased by CWI at 9300 Overland, 9100 Black Eagle Dr. are currently paying taxes. They are valued at $5.04 million and $4.04 million respectively and are owned by Sundance.
Chances are good that Sundance will save another $150,000 in taxes when they read this and realize they may qualify for more exemptions.
To insure more advertising-free Boise Guardian news, please consider financial support.