New York Judges Revive Homeowners’ Property Tax Assessment Case

A group of 21 Long Island homeowners has standing to challenge New York’s residential assessment ratio when disputing the property taxes imposed on their lots, a state appeals court ruled.

Not to allow homeowners to challenge the ratio—which compares the total assessed value of residential property in the municipality compared to the full market value—"would frustrate the purpose of the statute, which is to provide property owners with an efficient, inexpensive, and simple alternative to the complex and formal tax certiorari proceeding,” the New York Supreme Court, Appellate Division, Second Judicial Department, ruled Wednesday.

“Given the lack of consistency in ...