N.Y. High Court to Decide Fate of City Property Tax Reform Suit

​Henry A. Zomerfeld was quoted in the Bloomberg.com Daily Tax Report article, “N.Y. High Court to Decide Fate of City Property Tax Reform Suit." The article discusses a lawsuit filed by Tax Equity Now New York (“TENNY") challenging the New York City's property tax classification system on the grounds that it is inequitable, favoring affluent homeowners and shifting the property tax burden to other residential owners. TENNY's challenge has the potential to upend how the city collects its largest source of tax revenue. Read the full article here.​