Court halts NYC pied-à-terre tax rollout amid homeowner lawsuit

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Source: Politico
TL;DR

A Staten Island judge issued a temporary restraining order pausing NYC's pied-à-terre tax rollout on second homes valued over $5 million, forcing the city to remove a public list of about 900,000 properties and delaying notices and exemption deadlines while a lawsuit by homeowners led by Randy Mastro proceeds; a hearing is set for Aug. 31. Mayor Mamdani says the city will vigorously defend the measure, which aims to fund city services.

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