A housing advocacy group claims that New York City is neglecting a court ruling that found its tax assessment system discriminates against low-income minority neighborhoods. Despite this ruling, landlords in affluent areas continue to pay disproportionately lower taxes, while property values are inflated in less wealthy, predominantly minority communities. Tax Equity Now New York (TENNY) filed a new motion urging for changes to the assessment ratios to alleviate the undue tax burden on these areas. They argue that this inequity exacerbates the city's overall affordability crisis.
"Areas of New York City, which have historically appreciated at lower rates - which generally have lower valued homes and where minority groups disproportionately live - are dramatically overassessed and overtaxed."
"We are flabbergasted and disappointed that the city has not lowered the assessment ratio for homeowners in New York City to ensure uniformity despite the Court of Appeals decision that the city's assessments are not lawful."
Collection
[
|
...
]