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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Landmark Lawsuit Targets Unfair NYC Property Taxes

Eric Adams Lawsuit NYC NY New York
Aerial view of Loser Manhattan skyline, New York City, USA .

Property taxes, one of New York City’s main wellsprings to finance its transit, police, fire, and public school districts, are under fire. 

A seven-year-old lawsuit brought forward by Tax Equity Now New York or TENNY, a broad housing coalition, argues that the city imposes “substantially unequal” tax burdens on similarly valued NYC properties. 

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