By Joe Anuta
A lawsuit alleging the city's property tax system is biased against
low-income and minority owners can proceed, a Manhattan Supreme Court
judge ruled Tuesday, dealing a blow to the Cuomo and de Blasio
administrations' efforts to block the case.
A group called Tax Equity Now New York filed the suit in 2017
challenging a key aspect of the tax system: Because a state law limited
how quickly property taxes can escalate, owners in areas where property
values have since soared, such as Manhattan and brownstone Brooklyn, now
pay far lower taxes as a percentage of their home's value than owners of properties
in neighborhoods of the Bronx and Staten Island. The coalition, which
is comprised of odd bedfellows from advocacy and real estate circles,
argues that this is unfair to minorities, who predominate in areas with
higher property-tax rates.
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Source: CRAIN'S NEW YORK BUSINESS (via Empire Report New York)
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