Mamdani’s NYC Tax Agenda Prompts Advisers to Caution Patience

New York City Mayor-elect Zohran Mamdani ran on an affordability agenda paid for by higher taxes on corporations and the rich ...
Law

Discovery’s Limitations in New York Tax Certiorari Proceedings

"This article examines the principles and operation of discovery in tax certiorari proceedings under Article 7 of the Real Property Tax Law (RPTL), highlighting the unique challenges these proceedings ...
JD Supra

NYC Transfer Tax, Charities, and Single Purpose LLCs – Are Lenders Beneficiaries?

According to the New York City Comptroller, the City collected approximately $1.13 billion in Real Property Transfer Tax (“RPTT”) in the FY 2024. The Comptroller’s Office has forecast that $1.21 ...
Law

Reconsidering New York’s Property Tax Moratorium

Section 727 of New York law limits property owners from challenging assessments for three years after a successful appeal, mainly affecting jurisdictions that don’t reassess annually. This often ...