Which property type is generally not exempt from taxation?

The property type that is generally not exempt from taxation is a water treatment plant owned by Town A within the jurisdiction of Town B and built on the site of a former factory.

This is due to the fact that tax exemptions often apply to properties with a clear public benefit, such as community parks, libraries, and municipal transit systems, which serve the public good and are usually operated by government entities or nonprofits. In contrast, the water treatment plant, while serving a public utility purpose, may not be tax-exempt depending on local laws and the specifics of its ownership and operational structure. Additionally, since it is owned by one municipality (Town A) but situated within the boundaries of another (Town B), there can be complexities regarding tax exemptions, particularly if the property has commercial implications or does not fit the typical exemption criteria.

Community parks managed by nonprofits, public libraries, and municipal transit systems are typically more widely recognized as being exempt from property taxes, as they are directly aimed at enhancing community welfare and are often funded or heavily regulated by governmental entities.