New Paradigm: Municipalities Seeking Legislative Relief

Law360, New York (November 14, 2011, 2:42 PM EST) -- During the 2011 legislative session, municipalities in New York sought relief from possible large real property tax litigation via legislation. One such legislative proposal sought to amend Real Property Tax Law Article 19. The proposed legislation sought to change the playing field relative to a single large taxpayer seeking assessment relief through judicial review.

Real Property Tax Law Article 19 establishes a two-class system — homestead and non-homestead — with the legislatively stated intent to reduce the tax burden on homestead parcels, primarily, residential owners....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.