New York Supreme Court, Appellate Division Rules Nassau County Property Tax Reassessment Phase-In Act Constitutional

The New York Supreme Court, Appellate Division, ruled that the Nassau County Reassessment Phase-In Act of 2020, which phases in property tax assessment increases from the 2018 county-wide reassessment over five years while excluding new improvements, does not violate federal and state equal protection and due process clauses and article XVI, Section 2 of the New York Constitution proscription against assessing real property in excess of full value. [McCarthy v. County of Nassau, N.Y. App. Div., No. 2020-07979, 08/07/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.