NY Legislature Acts To Ease Home Partnerships’ Tax Fights

Law360, New York (May 24, 2012, 4:53 PM EDT) -- Empire State homeowners who hold their property in limited partnerships could contest high property tax bills through a simplified claims system — skipping complicated court fights requiring legal counsel — under a bill that passed New York's Legislature on Wednesday.

The measure, which would bring state law into accord with recent court decisions that have found in favor of homeowner partnerships seeking to avail themselves to the state's small claims assessment review, sailed through the Republican-controlled Senate after having passed the Assembly in February.

The bill's sponsor in...
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