Judge Orders New York City to Restart $500 Million Second-Home Tax Rollout
Updated
Updated · The New York Times · Sep 29
Judge Orders New York City to Restart $500 Million Second-Home Tax Rollout
3 articles · Updated · The New York Times · Sep 29
Summary
State Supreme Court Justice Wayne Ozzi ruled New York City must scrap its rollout of the second-home tax and begin again, handing Mayor Zohran Mamdani a setback in his push to raise taxes on wealthy homeowners.
Ozzi sided with homeowners who argued the city moved toward collection without doing enough to determine who actually owed the tax, writing that owners were being harmed by the law’s implementation.
The lawsuit did not challenge the legality of the tax itself, known as the pied-a-terre tax, which Gov. Kathy Hochul unveiled in the spring and the mayor backed.
The measure had been expected to raise about $500 million a year to help close a budget gap and fund city services, but its rushed rollout drew criticism from opponents and some allies, including Hochul.