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This month in real estate history
A look back at some of New York City's biggest real estate stories
From the May issue: 1970: Court rules in favor of church tax exemptions
The U.S. Supreme Court ruled 43 years ago this month that religious organizations were exempt from paying state property taxes. The landmark case rejected a lawsuit filed by a New York property owner who claimed that the state law exempting religious organizations from paying into the public coffers was unfair to other owners. [more]