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

TRD 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
WeWork employees speak up to management, NY condo buyers can stay anonymous after all

WeWork employees speak up to management, NY condo buyers can stay anonymous after all

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

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

Granit Gjonbalaj (Credit: LinkedIn)

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

arrow_forward_ios