No property tax system is totally fair, but few are as unbalanced and often skewed in favor of the wealthy as New York City's.
A law passed in Albany in the early 1980's was supposed to keep taxes on the Big Apple's single-family homes from rising too quickly. But what that means is that now a co-op in Staten Island has a tax bill 2,000% higher than a similarly priced brownstone in Brooklyn.
On today's episode of our weekly legal news podcast, On The Merits, we hear from Bloomberg Law's Donna Borak and Andrew Satter, who just published a big investigation into this topic. They tell us about what they've learned and about exactly how the city's Kafkaesque property tax system hurts its homeowners.

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