Real estate owned by a religious corporation and leased for the operation of a religious camp is exempt from real estate tax even where leased to a for-profit organization, an appellate court in New York state has held. The Town of Ramapo sought revocation of the exemption because the property was leased to the for-profit for $60,000-$70,000 a year, which the owner used to finance plans to construct a religious college on the site. The Town claimed the rent was more than the carrying costs, maintenance and depreciation of the property. The Court said the crucial issue was whether the primary or principal use of the property is a tax-exempt purpose of the owner and that a lease or income...