Judge Allows Lawsuit Against City's Property-Tax System to Proceed

 

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)