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NYC’s property tax system has stymied generations of mayors. A 2017 lawsuit just forced the Mamdani administration to the negotiating table.

The Mamdani administration will enter court-supervised negotiations with TENNY this October to reform NYC’s long-contested property tax system, affecting Bushwick, Ridgewood, and all Brooklyn neighborhoods.

NYC’s property tax system has stymied generations of mayors. A 2017 lawsuit just forced the Mamdani administration to the negotiating table.
New York City Hall, where the Mamdani administration will enter court-supervised negotiations over property tax reform — a fitting symbol of civic governance.
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The city and property tax reform advocates have agreed to begin court-supervised settlement negotiations that could reshape how New York City taxes real estate, according to The City Reporter. Talks between the Mamdani administration and the coalition Tax Equity Now New York, known as TENNY, are slated to start in October and will be overseen by the court, per TENNY.

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Featured image: Courtesy nyc.gov

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