Current debt thresholds triggering a tax lien sale. Image Credit: City Council.
The City’s Lien Sale Program has been extended another four years with some minor modifications. A lien is a legal claim against a property for unpaid property taxes, water, sewer or other property charges. When the property owner has been delinquent for a specified period of time, the City is allowed to sell the liens to an authorized third party. The new purchaser then has the authority to collect the money that was previously owed to the City, plus other fees and interest. (more…)
Image Credit: nyc.gov
Tenant alleged that the City’s allocation of the property tax burden violated due process and equal protection. Ernest Robinson sought declaratory and injunctive relief alleging that the City’s property tax classification system created a disparate and adverse impact on African-American and Hispanic residents, deprived them of due process and equal protection of the laws, and violated the Fair Housing Act. Robinson alleged that the Class Two tax burden, heavily made up of rental multiple dwellings, was borne primarily by minority tenants, and that approximately 30 percent of a tenant’s rental payment was attributable to the landlord’s property tax. (more…)
George Sweeting, NYC Independent Budget Office.
Last month, at a State Legislature hearing in Albany on the Governor’s proposed budget, Mayor de Blasio faced repeated questions about why New York City is exempt from the cap on property tax increases that applies elsewhere in the state. The legislators cited a variety of reasons why the city should accept a cap, although few hold up to scrutiny – most notably the assertion that a cap was a “fix” for the city’s broken property tax system. (more…)
THE NEW YORK CITY TAX COMMISSION, THE CENTER FOR NEW YORK CITY LAW,
& THE CENTER FOR REAL ESTATE STUDIES
present
WHEN
Thursday, January 28, 2016, from 2:00 p.m. to 5:00 p.m.
***
WHERE
New York Law School
185 West Broadway (between Worth and Leonard Streets)
*** (more…)
THE NEW YORK CITY TAX COMMISSION, THE CENTER FOR NEW YORK CITY LAW,
& THE CENTER FOR REAL ESTATE STUDIES
present
WHEN
Thursday, January 28, 2016, from 2:00 p.m. to 5:00 p.m.
***
WHERE
New York Law School
185 West Broadway (between Worth and Leonard Streets)
*** (more…)
