How Exempt Organizations Can Maintain New York Property Tax Breaks

Post-pandemic, municipalities are on the hunt for increased revenue and properties exempt from real property taxes are clearly in their sights. Two recent New York decisions highlight the requirements for maintaining tax-exempt status, and the importance of aligning property use with the allowable exempt classifications. Hodgson Russ partners Sujata Yalamanchili and Daniel Spitzer, along with law clerk Daniel Pszonak, authored an article in Tax Notes State “How Exempt Organizations Can Maintain New York Property Tax Breaks," where they discuss these recent decisions and how they may provide guidance on tax-exempt entities’ real property tax exemptions.

Read the full article here.