NYC Pitches Property Tax Reform to Settle Lengthy Court Case (1)

After years of complaints over unfair bills, New York City said it’s willing to change how it calculates property taxes as it seeks to end a nearly decade-long legal battle.

Steven Banks, the city’s corporation counsel, said at a Friday hearing in state Supreme Court in Manhattan that the city was prepared to pursue reform measures included in a 2021 report prepared by a property tax advisory commission, with the aim of settling a long-running case filed by the housing coalition, Tax Equity Now New York.

Plaintiffs with TENNY said they were open to a settlement if the court set ...