A judge on Staten Island has granted a temporary restraining order on New York City’s pied-à-terre tax, pausing enforcement while a lawsuit brought by a group of homeowners moves forward. Many NYC property owners have expressed anger and confusion after receiving notices from the city stating they may owe the tax.
Background on the Tax
Real estate attorney Benjamin Williams said many property owners believe they have been wrongly targeted as the city works to identify luxury second homes. Governor Kathy Hochul stated that people are frustrated with the rollout, but emphasized that the state is not responsible for it. Mayor Zohran Mamdani has maintained that the surcharge is intended to target wealthy property owners.
The city recently sent notices to 17,000 residents notifying them that they may owe the tax. Mamdani later defended the administration’s rollout of the program, saying property owners have time to work with the city before the surcharge takes effect. Oral arguments are scheduled for August 31.
Until then, the city must take down the supplemental market value roll listing properties potentially subject to the tax and cannot grant exemptions or make determinations that people are subject to the tax.
Original reporting: Brookhaven News – ABC7 New York — read the source article.
