Eric Adams Fights Legal Challenge to NYC’s ‘Unfair’ Property Tax

In 2021, Eric Adams vowed to break years of bureaucratic inertia. He would finally — in his first year as mayor — fix a dizzying New York City property tax system blamed for exacerbating the city’s housing crisis and perpetuating segregated neighborhoods.

“Billionaires are not paying their share of taxes, and this is an unfair system and we’re going to fairly look at it,” Adams said a month before winning a competitive Democratic primary. “Within the first year, we’re going to come up with a real resolution to finally resolve this issue.”

By almost any measure, the 40-year-old law has ...