News Report | July 26, 2015
New Jersey Tax Court Revokes Morristown Memorial Hospital’s Property Tax Exemption
On June 25, 2015, a Tax Court of New Jersey judge ruled that Morristown Memorial Hospital should not be exempt from property taxes for the years 2006, 2007, and 2008. The hospital’s tax-exemption status was denied because it was found that the hospital’s property is being substantially used for profit, rather than wholly for non-profit purposes. The court also stated that if all modern not-for-profit hospitals operate like Morristown Memorial Hospital, than the legislature must determine new terms and conditions for property-tax exemption status. Morristown Memorial Hospital’s attorney Kenneth Norcross had stated . . .