A New York judge on Monday temporarily blocked NYC Mayor Zohran Mamdani’s new pied-à-terre tax, which hits New Yorkers who own a valuable second home.
Last month, Mamdani implemented a so-called luxury property tax on second homes valued at $5 million or more. The property tax also affected certain co-ops valued over $1 million.
Mamdani doxxed the homeowners after his Department of Finance published a database listing the names and addresses of the 960,000 properties.
“As per State law, a property roll was released for public inspection. From this list, DOF will identify properties that may be subject to the new non-primary residence property surcharge,” a Mamdani spox previously told...
Read the full article here