Daily News | Mehmet Oz scored a $50k annual tax break on his $3.1M Montco manor
last year, he not only acquired property in the state where he’s running for Senate, he also scored a $50,000-a-year tax break.
He and his wife, Lisa Lemole, purchased the $3.1 million farmstead in December 2021, weeks after he launched his Senate campaign. The forested, 34-acre property in Lower Moreland Township features a 7,300-square-foot, eight-bedroom manor house, according to deed records from Montgomery County. The practical effect: Oz and Lemole’s annual tax bill, the bulk of which benefits the Lower Moreland School District, dropped from about $72,000 to just $21,473. “This is a property they have been hoping to buy for quite a while,” campaign spokesperson Brittany Yanick said. “It was a lengthy process, but they were thrilled it worked out.
“We’d be better off not giving out these tax breaks and just lowering taxes across the board. They’re just always a bad deal for the government, and they’re always a bad deal for taxpayers,” he said. “And I like Oz. I hope he wins.” In a deed addendum between Oz and the Academy of the New Church, dated not long after the December 2021 sale, the candidate agreed to “not construct any improvement of structures” on the land, with the exception of fences or pathways. The same addendum also grants the nonprofit the right of first refusal for any future sale of the property, at the same sale price, should Oz ever decide to sell the land.
“It’s a beautiful property, and [the church] didn’t want the property developed in any way that would harm [it],” Yanick said.
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