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Publisher: Asbury Park Press
December 12, 2015

Should hospitals pay property taxes?

Christopher Stracco was quoted in an article, “Should hospitals pay property taxes?” in the Asbury Park Press. The story is about a recent tax ruling in New Jersey, in which a judge ruled that a hospital should have been assessed property taxes like any for-profit business. In the article, Stracco explains that nonprofit hospitals have received tax-exempt status, but if they lease out space to a for-profit business they are required to pay taxes.

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Christopher John Stracco
Christopher John Stracco
Of Counsel
Parsippany, NJ
| (973) 966-8220

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