New York City property owners have more time to seek a break from the new pied-à-terre tax after the Finance Department further extended the deadline for exemption applications.
Property owners who received letters indicating they may be subject to the surcharge on second homes now have until Oct. 6 to apply for an exemption, according to a department webpage for the surcharge. The city previously extended the original exemption application deadline from late August to Sept. 18 in the face of pushback over the tax’s rollout.
The levy applies to single-family homes with market values of $5 million or more, and co-ops and condominiums worth at least $1 million. The city, which cast a wide net to find properties subject to the tax, has said that only owners who received a notice from the city must appeal it or otherwise pay it on next year’s tax bill.
A group of homeowners is suing to delay Mayor Zohran Mamdani’s rollout of the tax, saying the publication of a list of properties that could be subject to it caused “mass confusion” and invited “unwarranted scrutiny” of their personal information. The city has received about 4,300 exemption applications so far, according to a court filing earlier this month.
The Finance Department and the mayor’s office didn’t immediately return requests for comment on the current exemption application count.