Mamdani’s Rise Fuels Talk of Property Tax Reform

Zohran Mamdani’s political ascendancy is breathing new life into long-sought city property tax reforms — and new anxiety into a typically staid annual conference for tax lawyers.

I’m Daniel Moore, a state tax correspondent at Bloomberg Industry Group who attended the city Department of Finance’s annual TaxRAPP event for tax professionals on Tuesday. Mamdani, the mayoral front-runner, didn’t attend, but his rise loomed over the conference.

The Democratic candidate has thrust into the spotlight the plight of renters who are indirectly hit by rising building operating costs, New York City Finance Commissioner Preston Niblack told me.

“There’s ...