Sep 2, 2014
Yale's Tax Exempt New Haven Property Assessed at $2.5 Billion
If you stroll up Chapel Street in New Haven, Yale University buildings rise up on either side of you.
On one side, between College and High streets, is the Old Campus quad.
If you’re in downtown New Haven, whether on Chapel, York Street, Broadway or at Whitney Avenue and Audubon Street, it’s a good bet you’re near a Yale-owned building.
It’s not true, though it may seem so, that “the city is the university,” as a visitor from Brazil, Susana Moreira, said recently on Broadway during a tour of the Northeast with her daughter.
What is true is that Yale University, a premier, world-renowned research institution, takes up large portions of downtown, and doesn’t pay taxes on its dorms, classrooms, libraries, research labs or the grassy oases inside the residential quads.
Those properties, spread over the Hill, East Rock and other neighborhoods, are worth $2.5 billion in assessed value, according to the 2013 grand list, but are all tax-exempt by state law. (Yale and other colleges are specifically exempted by state law.)