A 4-3 ruling by NY's Court of Appeals reversing a lower court's dismissal of a real estate industry-backed coalition's legal challenge to NYC's property tax system is likely to induce the city to change the system, experts say.
The state's top court revived claims from a 2018 lawsuit filed by Tax Equity Now New York (TENNY) which alleged that the city taxes homeowners less than rental buildings and that NYC violates the federal fair housing law by capping assessments in neighborhoods with rising property values while over-taxing neighborhoods of color.
In its decision sending the case back to NY's Supreme Court, the appellate court's majority chastised NYC officials who it said have admitted that the system is rife with "rampant disparities" while failing to take action to mitigate those disparities.
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