A New York judge has slammed the brakes on Mayor Zohran Mamdani’s rollout of a new tax on luxury second homes, ordering City Hall to take down a list exposing the names, addresses, and property values of over 900,000 New York City homeowners.
Background
The tax, which targets second homes valued at more than $5 million, has been met with resistance from homeowners who claim the city did not properly determine which properties qualify for the surcharge. Attorney Randy Mastro argued that the city should have made individualized determinations before sending out notices to homeowners.
The city’s defense argued that freezing the process would hurt taxpayers seeking exemptions and disrupt deadlines. However, Judge Wayne Ozzi found that the notices caused irreparable harm and that the city, not property owners, was required to make the initial determination.
Reaction
Mastro declared the ruling ‘a very good day for all New York City homeowners.’ The city has vowed to fight back, with a spokesperson stating that they disagree with the ruling but are confident in the city’s ability to implement the surcharge fairly and effectively.
Original reporting: Fox News (HLL/CB) — read the source article.
