I think this is stupid. Colleges provide a huge financial resource to the community. Think of all the businesses and housing that exists because of colleges. I do agree that colleges that act as colleges and not businesses should pay property taxes. If they sell themselves or they are acting as businesses they should pay taxes like a business.
The issue—to use a term leftists love these days—is “election interference”.
The majority of non profits are just fronts for leftist agitation and propaganda.
This is de facto taxation without representation (subsidy) of those of us who are not rabid leftists—since the public has to make up the difference.
Its colleges in cities that buy up buildings removing them forever from the property tax rolls that's ridiculous.