Bloomberg Tax
Oct. 16, 2019, 11:28 PM

New York City Property Tax Fight Centers on Who Should Solve It

Aysha Bagchi
Aysha Bagchi

Arguments in a lawsuit challenging New York City’s property tax system are focused on whether courts are the right place for the dispute.

Lawyers for New York City, the state of New York, and Tax Equity Now New York LLC (TENNY)—a coalition of real estate, civil rights, and policy interests—made their cases at the Appellate Division of the state Supreme Court, First Judicial Department on how the lawsuit should proceed. If successful, the challenge could upend a system that collects nearly $30 billion a year—almost half the city’s revenue.

The case focuses on whether the New York ...

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