News

Should hospitals pay property taxes?

Publisher: Asbury Park Press

December 12, 2015

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

Parsippany, NJ
Email
T: (973) 966 8220