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

Tri-State /
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

arrow_forward_ios
Assemblymember Marcela Mitaynes  and Sen. Charles Schumer (Photos via Protect Sunset Park; Getty; Facebook)

With NY poised to lose billions, socialists fight real estate

With NY poised to lose billions, socialists fight real estate
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
A rendering of Gowanus Green and HPD commissioner Louise Carroll (Rendering via Jonathan Rose Companies)

Massive Gowanus development will be 100% affordable

Massive Gowanus development will be 100% affordable
Union Square and Mayor Bill de Blasio (Getty)

City drops bid to require special permits for Union Square hotels

City drops bid to require special permits for Union Square hotels
(Credit: iStock)

Feds put Neoclassical architecture policy into practice

Feds put Neoclassical architecture policy into practice
Newark Mayor Ras Baraka (Getty)

“Nobody wants to follow the rules”: Covid spike triggers Newark crackdown

“Nobody wants to follow the rules”: Covid spike triggers Newark crackdown
State Sen. Michael Gianaris and President-elect Joe Biden (Getty)

Michael Gianaris to President-elect Biden: Cancel rent

Michael Gianaris to President-elect Biden: Cancel rent
President elect Joseph Biden with Mitch McConell, President Trump and Nancy Pelosi (Getty)

Lame-duck Congress will resume stimulus package talks

Lame-duck Congress will resume stimulus package talks
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...