20 Hrs
Source:
Newsday
Long Island hospitals remove $4.8B from tax rolls
Long Island hospitals benefit from property tax exemptions on various properties, including medical centers, office buildings, and vacant lots, resulting in significant tax savings and a reduction of $4.8 billion in property value from tax rolls in 2025. These exemptions, established since the late 19th century and expanded in 1981, have grown as hospital systems acquire nonmedical properties and convert retail spaces into healthcare facilities. Critics argue that many modern hospitals no longer resemble traditional charity institutions and that these tax breaks shift financial burdens onto other taxpayers, including homeowners and school districts. Despite claims of community benefits, questions persist about whether the scale and scope of these hospitals justify their continued tax exemptions.
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