Newsletter
Litigation

Ruling on NYC’s ‘Disparate’ Tax System Could Spur Reforms and Valuation Protests

By 4 Mins Read



Ruling on NYC’s ‘Disparate’ Tax System Could Spur Reforms and Valuation Protests | New York Law Journal

















Page Printed From:

https://www.law.com/newyorklawjournal/2024/03/20/ruling-on-nycs-disparate-tax-system-could-spur-reforms-and-valuation-protests/

The New York Court of Appeals on April 5, 2022 in Albany, New York. Photo: Ryland West/ALM

NEWS

The decision in an appeal filed by Latham & Watkins attorneys including ex-New York Chief Judge Jonathan Lippman, is not final, but an important step toward possible reform.

March 20, 2024 at 02:54 PM

4 minute read

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A split ruling by New York’s top court could rebuild New York City’s real-estate taxation system—which litigants agreed is “disparate”—with one city attorney suggesting it might lead to an influx of owners protesting valuations.

The city’s decades-old system allows for caps to underassess condos and co-ops in affluent neighborhoods, while placing a heavier portion of the burden on neighborhoods of persons of color, to the tune of a $400-million-a-year disparity by some estimates.

You Might Like

7 minute read

6 minute read

9 minute read

12 minute read

More From ALM

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Team Accounts

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now

New York Legal Awards 2024


September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.

Learn More

Florida Legal Awards 2024


April 04, 2024
Miami, FL

Daily Business Review honors attorneys and judges who have made a remarkable difference in the legal profession in Florida.

Learn More

ATTORNEY

Hankin Sandman Palladino Weintrob & BellAtlantic City-based law firm seeking an Associate with 0 to 5 years of experience to work in the…

Apply Now ›

ANSELL GRIMM & AARON


03/04/2024
New Jersey Law Journal

Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/

View Announcement ›



Share.

Related Posts

Exit mobile version