NYC Property Tax Plan Comes Too Late, Says Group Suing City (3)

Feb. 28, 2019, 11:21 PM UTCUpdated: March 1, 2019, 8:38 PM UTC

An advisory panel’s work on overhauling New York City’s property tax system may be too little, too late, in the view of a group suing the city to make the first changes since 1996.

“Thinking through these issues is a good thing, but political inaction is why we went to court to force reform in the first place,” said Martha Stark, policy director of Tax Equity Now New York (TENNY), a coalition of real estate interests and community advocates. “Our lawsuit remains the best hope for New Yorkers being unfairly burdened by a broken, discriminatory, and unlawful property tax system.” ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.