New York State Court of Appeals rules NYC property tax system may violate housing laws, potentially affecting billions in tax collections.
The New York State Court of Appeals has ruled that New York City's property tax system could violate federal and state housing laws, allowing property rights group Tax Equity Now New York (TENNY) to argue that the system disproportionately burdens lower-income property owners and renters in majority-minority neighborhoods. The court's decision may potentially affect billions of dollars in tax collections annually. The city will now have to defend against TENNY's claims that the tax system punishes people of color in low-income neighborhoods, and any changes to the property tax system would require state legislation.
March 19, 2024
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