New York State Court of Appeals Denies Property Tax Exemption to Non-Profit that did not Use Property for Exempt Purpose

In a heavily fact-specific case, the New York Court of Appeals denied the Real Property Tax Law (“RPTL”) Section 420-a exemption to a non-profit entity that leased its property to a for-profit entity. Brookdale Physicians’ Dialysis Assoc., Inc. v. Dep’t of Fin. of City of New York, 2024 NY Slip Op 01583, WL 1199333 (Mar. 21, 2024). While there are instances where..

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