Politics: State Supreme Court decision: Introduction of second residence tax in New York stopped again
The competent judge described the measure as unlawful. The tax is a key project of Mayor Mamdani. The city has already filed another appeal.
A New York court has halted the implementation of a tax on second homes, known as the "Pied-á-Terre tax", for the second time. The tax, a key project of Mayor Zohran Mamdani, applies to single-family homes valued at $5 million or more and co-ops and condos valued at $1 million or more. The court ruled that the city had improperly published property information and unfairly required homeowners to apply for exemptions. The city plans to appeal the decision and seek a stay, allowing it to continue with the tax implementation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
