Tuesday 15 October 2019

NYC’s bid to kill property-tax lawsuit back in court

Another court showdown is on tap for the real estate industry’s lawsuit against New York City’s property-tax system. The plaintiff, an industry-backed coalition called Tax Equity Now New York, alleges the system discriminates against landlords and minority homeowners by overvaluing homes in the city’s poorest neighborhoods and undervaluing those in wealthy ones. The defendants — New York City and state — have been trying to get the suit dismissed for a year and, in a



source https://therealdeal.com/2019/10/15/nycs-bid-to-kill-property-tax-lawsuit-back-in-court/

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