{"id":370500,"date":"2026-10-11T18:42:08","date_gmt":"2026-10-11T18:42:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/370500\/"},"modified":"2026-10-11T18:42:08","modified_gmt":"2026-10-11T18:42:08","slug":"nyc-loses-more-than-half-of-pied-a-terre-tax-appeals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/370500\/","title":{"rendered":"NYC loses more than half of pied-a-terre tax appeals"},"content":{"rendered":"

More than half of the thousands of homeowners who have already appealed the city\u2019s new pied-\u00e0-terre tax <\/a>have won their cases, threatening the levy\u2019s much ballyhooed revenue potential.\u00a0<\/p>\n

When Big Apple Mayor Zohran Mamdani and New York Gov. Kathy Hochul announced the controversial tax on luxury second homes \u2014 or co-ops worth more than $1 million and houses over $5 million \u2014 in the city, they claimed the policy would generate $500 million-plus in revenue.<\/p>\n

But the city Department of Finance told The Post that as of Friday morning, exemption applications had hit 10,000, with a whopping 5,700 approved \u2014 and the lawsuits and exemption requests are still coming in fast and furiously. <\/p>\n

New York City Mayor Zohran Mamdani announces a new pied-a-terre tax for thousands of homeowners in a video posted to Twitter in April \u2014 and has been taking heat over it ever since. X\/SaraEisen<\/p>\n

\u201cI think the bigger fiscal question is whether the city\u2019s $500 million revenue estimate was realistic in the first place,\u201d said plaintiff lawyer Ben Williams of Rosenberg & Ellis.\u00a0<\/p>\n

\u201cOnce primary residences are removed and overstated market values are challenged, we may find that the amount actually collectible is significantly less than projected,\u201d\u00a0he said.<\/p>\n

The appeals deadline \u2013 which has now been moved three times \u2013 was pushed again to October 13 from Oct 6. after a lawsuit filed by a former first deputy mayor to Eric Adams, lawyer Randy Mastro, on Staten Island.\u00a0<\/p>\n

State supreme-court Justice Wayne Ozzi ruled in Masto\u2019s favor a little over a week ago, saying the city needs to redo its roll-out of the tax plan from scratch. <\/p>\n

The ruling said the city prematurely blasted out letters to 17,000 homeowners it said could be affected by the tax. That 17,000 figure has dropped to more like 10,000 to 13,000 affected homeowners, the city said.<\/p>\n

Either way, City Hall immediately appealed Ozzi\u2019s decision and won a stay on the order, allowing the Mamdani administration to forge ahead with its tax collection while the suit goes through the appeals process.\u00a0<\/p>\n

Manhattan\u2019s Billionaire\u2019s Row is greatly affected by the new tax. Christopher Sadowski for NY Post<\/p>\n

Joshua Wurtzel, a real-estate lawyer and partner at Schlam Stone & Dolan LLP, said the lawsuit \u2013 if successful \u2013 could cause the entire operation to crash and burn.\u00a0<\/p>\n

\u201cIf the court\u2019s decision ends up being upheld on appeal, which I think there\u2019s probably at least a decent chance [of] that, then all of this kind of goes out the window,\u201d Wurtzel said.\u00a0<\/p>\n

The new Mamdani levy targets luxury, non-primary residence properties. Instagram\/@nycmayor<\/p>\n

In addition to the suit held up in appeals courts, two other lawsuits claiming the tax unfairly targets out-of-state owners are being argued in Long Island court and remain ongoing.\u00a0<\/p>\n

Despite the controversy and speculation surrounding the tax, a rep for the Finance Department has repeated a comment Mamadani made in August standing by the complicated levy\u2019s revenue projection.\u00a0<\/p>\n

\u201cWe continue to be confident in that assessment of what the annual revenue will look like,\u201d the representative told reporters at an unrelated press conference in August.\u00a0<\/p>\n

Another rep for Finance told the Post the pied-a\u2013terre surcharge simply asks luxury-second-home owners to \u201ccontribute their fair share toward schools, safer streets, and the services New Yorkers rely on. \u201c<\/p>\n

\u201cThese meritless lawsuits have created a lot of unnecessary confusion,\u201d the representative said. \u201cNevertheless, the Administration remains fully committed to ensuring that New Yorkers have the time and information they need to apply, so we are extending the deadline for exemption applications to October 13.<\/p>\n

\u201cWhile this legal process moves forward, we will continue administering the surcharge fairly, efficiently and in full compliance with the law, as we have done from day one,\u201d the rep said.<\/p>\n","protected":false},"excerpt":{"rendered":"More than half of the thousands of homeowners who have already appealed the city\u2019s new pied-\u00e0-terre tax have…\n","protected":false},"author":2,"featured_media":370501,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[57,9,56,63,65,64,79763,58,82],"class_list":["post-370500","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-metro","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-pied-a-terre","tag-us-news","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/370500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=370500"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/370500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/370501"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=370500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=370500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=370500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}