Property Tax Exemption Requirements for Nonprofits in New York

Tax-exempt status alone does not automatically qualify an organization for exemption from New York property taxes. Nonprofits seeking property tax relief must satisfy specific statutory requirements, and certain ownership structures can present additional considerations.

In this article for Tax Notes, Hodgson Russ attorneys Sujata Yalamanchili, Amy D'Ambrogio, Jennifer Aronson, and Rani Patel examine the rules governing property tax exemptions for nonprofit organizations in New York. They discuss the criteria nonprofits must meet to obtain and maintain exempt status and take a closer look at New York City's unique leasehold condominium structure, which can create distinct property tax implications.

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