A New York state appeals court on Thursday effectively threw out a real estate industry-backed challenge to the city’s property tax system. The group Tax Equity Now New York in 2018 filed a lawsuit claiming that aspects of the property tax system resulted in discrimination. According to Tax Equity Now, the current system undervalues homes in the city’s wealthy neighborhoods while overvaluing properties in the poorer communities. In the suit, the group specifically pointed to
source https://therealdeal.com/2020/02/27/court-throws-out-real-estate-backed-property-tax-lawsuit/
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