If this taxation exemptions for Church were rescinded, our property taxes would be substantially lowered, and those who rent houses and apartments would consequently be able to pass along this savings in the form of lowered rents. It could have a profoundly salubrious effect on the entire economy.
The churches rose to power on the income from tax-free property. What earthly -or heavenly- right have they got to enjoy a privilege denied to everyone else, even including nonprofit organizations? None! My contention is that with the churches exempted from property taxation, you and I have to pay that much more in taxes to make up for what they're not contributing.
I decided that if nobody else was going to do anything to rectify this colossal inequity in taxation, I'd have to do it myself. So I instituted a suit against the city of Baltimore demanding that the city assessor be specifically ordered to assess the Church for its vast property holdings in the city, and that the city tax collector then be instructed to collect the taxes once the assessment has been made.
On a nationwide basis, I would guess that the various churches would have to pay annually an amount at least equal to the national debt. But it's impossible for me to make an exact estimate, because the churches hide their wealth in every way they can - deliberate falsification as to the value of property, registering it under phony names in order to obscure the fact that the Church owns the property.
I'd make an educated guess that 20 to 25 percent of the taxable property in the U.S. is Church-owned.In a recent book, Church Wealth and Business Income, it was estimated that this property -all of it tax-exempt -is worth upwards of 80 billion dollars. I know that's a fantastic, unbelievable figure, but there's every reason to believe that it's on the conservative side; and this amount is increasing yearly at a geometric rate.
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