The case of Tax Equity Now NY LLC v. City of New York (2024 NY Slip Op 01498), decided on March 19, 2024, presents a critical examination of New York City’s property tax system by the New York Court of Appeals. This lawsuit raised fundamental questions about the equity, legality, and methodology of property taxation in New York City, challenging the system’s compliance with both statutory and constitutional mandates.

Background

Tax Equity Now NY LLC (TENNY) is an association committed to reforming what it perceives as inequities and illegalities in New York City’s property tax system. The lawsuit filed by TENNY against the City of New York and the Department of Finance (DOF), along with the State of New York and the State Office of Real Property Tax Services, aimed at addressing these concerns.