NYC Building Owner Must Use Tax Appeal Process, High Court Says

The owner of a New York City apartment building may not challenge the denial of a property tax break without going through the administrative appeals process, the state’s high court ruled Tuesday.

The owner’s challenge to the “alleged overassessment of its property—resulting from the failure to apply an increase in the physical value of the property and an exemption following certain window replacement work—was reviewable exclusively under” the standard method for appealing, the unanimous court affirmed in an unsigned opinion.

Bi-Coastal Properties LLC asked the New York Court of Appeals to find its 74-family building was entitled to tax ...