Fairhope Single Tax Corporation - Fairhope, Alabama 36532

The 501 (c) 4 Tax Status

On November 7, 2003 the Fairhope Single Tax Corporation was granted 501 (c) 4 tax-exempt status by the Internal Revenue Service. This means FSTC is recognized as an organization for the promotion of social welfare, common good, the general welfare of the people of the community, and bringing about civic betterments.

The Officers, Directors, and Trustees

The 2010 officers of the Fairhope Single Tax Corporation are as follows:

President: Lawrence Thomas
Vice-President: John Taratsas
Secretary: Leslie Stejskal
Treasurer: Colin Keleher
Director: David Jester
Director: C.O. (Mac) McCawley
Director: H. Cliff Pitman
Director: Carol W. Saltz
Director: Fred Watkins, Jr.
Trustee: Ralph Jennings
Trustee: Nancye Jennings
Trustee: Leigh Rogers

The Orientation Session for New Lessees

When someone purchases a building on Colony land (land owned by the Fairhope Single Tax Corporation) they acquire ownership of the building and other improvements, but only a 99 year lease on the land. Rather than paying real estate taxes to the various levels of government, they pay rent to the Single Tax Corporation, and the taxes are paid out of the rent proceeds by FSTC. Upon leasing this land, people come to the FSTC office for an orientation explaining this unique system. The lease transer procedure can be found on the Forms & FAQs page.

Committees of the FSTC

Currently, the active committees of the Fairhope Single Tax Corporation are: Education, Rent Study, Finance, Membership, and Cemetery. There is also a separate entity: the Cemetery Trust.