Appeals Court's Explosive Ruling On NYC Tax System

By Daniel Walker | March 26, 2024

Implications for homeowners

In a groundbreaking ruling, the New York State Court of Appeals has delivered a decision that challenges the fairness and equity of New York City's property tax system.

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The court’s decision, which could potentially reshape the city’s approach to property taxation, has far-reaching implications for homeowners, renters, and economic justice within the city.

Property tax system

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The New York State Court of Appeals revived a 2017 lawsuit from the advocacy group Tax Equity Now New York (TENNY) in a 4-3 decision. The lawsuit challenged the existing property tax system, asserting that it places a disproportionate burden on rental properties and homeowners in lower-income and minority communities.