This new bill is taking aim at property taxes for golf courses — including Trump’s

The measure would raise taxes and cause closures, opponents say

Apr.April 17, 2019 01:00 PM
Trump National Golf Club Westchester and David Carlucci (Credit: Trump Organization)

Trump National Golf Club Westchester and David Carlucci (Credit: Trump Organization)

The golf industry is pushing back against a new bill that could raise property taxes for golf course owners in New York.

The proposed legislation would give local governments the option to assess and tax golf courses on “highest and best use,” the Wall Street Journal reported. That means many facilities could be considered residential developments with a much higher value.

Industry players have argued the change would raise taxes on many facilities and lead to golf course closures, hurting the hospitality and tourism sectors at a time when golf already faces competition from other sports.

The bill’s Democratic sponsors, state Sen. David Carlucci and Assemblywoman Sandy Galef, believe it will force facilities like country clubs to pay their their fair share of taxes. One example they’ve cited is the Briarcliff Manor-based Trump National Golf Club, a private membership club in Westchester County.

Trump National is challenging a $14 million estimate of its market value in a lawsuit, according to the Journal. The club claims the property is worth 10 percent of that figure and the assessed value is “unequal, excessive and unlawful.” President Donald Trump, however, valued the club at $50 million or more in federal financial disclosures — but the methodology behind that appraisal is unclear.

The Journal noted that since golf courses are not usually sold on the open market, assessors have struggled to find comparable sales data, often looking at market rents for catering halls, clubhouses, restaurants and tennis facilities.

George Amedore, a Republican state senator from New York opposing the bill, told the Journal the measure is “politically motivated” and “ludicrous.” [WSJ] — Meenal Vamburkar

Related Articles

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

(Illustration by Christiane Engel)

Welcome to the golf clubs where real estate execs are doing deals

(Illustration by Christiane Engel)

Where do NYC’s real estate bigwigs tee off?

Jimmy Van Bramer (Credit:, iStock)

After failing to meet his own deadline, Queens council member returns thousands in real estate donations