Below is the first part of an article by Corrine Lestch from nydailynews.com. It reads…

The city’s property tax system has long been criticized for favoring homeowners over renters, but a bombshell lawsuit filed Wednesday charges that it discriminates against blacks and Hispanics as well.

The allegation, if upheld, could force a radical overhaul in how property taxes are levied — potentially forcing homeowners to pay billions of dollars more each year.

“The state would have to alter the property tax system to address the disparities, which would change the distributions of property tax burdens,” said Doug Turetsky of the Independent Budget Office.

The class action lawsuit seizes on a long-documented imbalance: one-, two- and three-family homes account for 48% of the market value of all city property, yet generate 15.5% of property tax revenues.
Read more: http://www.nydailynews.com/new-york/city-property-tax-system-discriminates-blacks-hispanics-suit-article-1.1703505#ixzz2ua2zI6TE

Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo SquarespaceMarc Primo Dot ComMarc Primo Pulisci Dot ComMarc Primo MyspaceMarc Primo Pulisci BlogMarc Primo WordPressMarc Primo Blog Marc Primo Quora Marc Primo Foursquare Marc Primo Manta Marc Primo Merchant Circle Marc Primo Yellow Book Marc Primo Google Plus Marc Primo Law360 Marc Primo Zoho Docs Marc Primo Blogspot

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