For decades, it has been an open secret that New York City’s property tax system is inequitable and unfair. This regressive system, rooted in outdated and discriminatory policies, has not only exacerbated the housing crisis but also deepened the economic divide, disproportionately burdening lower-income and minority communities.
Next week, New York’s Court of Appeals will hear arguments on a case brought by Tax Equity Now New York (TENNY), a coalition of renters, owners, civic leaders, and public policy and social justice organizations, that challenges NYC’s broken property tax system.
