Durst’s ‘Strange Marriage’ on New York Tax Reform May End Badly

An unlikely coalition of New York City’s biggest real estate developers and social justice groups are fighting to blow up the city’s property tax system in court. Their uneasy partnership may be the next thing to implode.

The members of Tax Equity Now NY (TENNY) agree the current scheme—which divides property into four classes and caps tax increases in neighborhoods where prices are surging—isn’t fair. But they have different ideas about who should pick up more of the tab. That’s likely to further complicate reform efforts if they win.

“It’s a strange marriage, I’ve got to admit,” says Garry Johnson, ...