Top state court rules NYC property tax system violates federal and state housing laws
New York’s highest court issued a new ruling on Tuesday that could upend the way New York City collects billions of dollars in property taxes each year.
“While these officials bemoan the situation, the city fails to act,” Judge Jenny Rivera wrote for the majority. “According to the complaint, the numbers tell the story of a taxation scheme that requires lower-income property owners and renters in majority-minority New York City neighborhoods to pay more than their fair share of the tax burden in violation of the law.”
Still, it remains unclear how the city will respond to the ruling. Mayor Eric Adams’ office did not immediately respond to a request for comment.“While we are still in the process of developing our own updated recommendations and analysis, we look forward to working with our partners in government and advocates to ensure the system is simpler and more equitable for all,” a former spokesperson for the mayor told Gothamist last year.
“We should do some coordinating with the city of New York, because it is … a critical part of their revenue stream,” she said, referring to property tax revenue. “So Albany can try to go it alone, but I’m pretty sure we would make some huge mistakes if we did that.” Layers of complicated mathematical formulas and assessment methods have created a property tax system divorced from the actual value of properties, according to experts. That has led to imbalances benefiting luxury condo owners and small homeowners in affluent neighborhoods while making homeowners in low- and middle-income areas owe more. The system can also take a financial toll on tenants and landlords.
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