NYC Pied-à-Terre Tax Rollout Falters as Mamdani Skips Oversight Hearing

New York City Mayor Zohran Mamdani’s administration will skip Tuesday’s City Council oversight hearing on the pied-à-terre tax rollout, instead submitting written testimony due to ongoing litigation. Democrats blasted the move as a transparency failure after a bungled rollout that included a large homeowner list and thousands of exemption notices, with lawsuits temporarily pausing the rollout. The tax targets luxury second homes valued at $5M+ for single-family homes and $1M+ for co-ops/condos that are unoccupied, and the hearing will proceed with public input amid GOP rallies.