Judge temporarily halts pied-à-terre tax rollout
A state court judge issued a temporary restraining order on Monday to halt New York City’s pied-á-terre tax rollout. The order came in response to a lawsuit filed Friday in Richmond County Supreme Court by former Deputy Mayor Randy Mastro on behalf of three homeowners challenging the implementation of its new tax on non-primary residences with home values above a certain threshold. In a signed order, Judge Wayne M. Ozzi temporarily ordered the city to take down the list of 900,000 homeowners published to the Department of Finance website and halt further actions in collecting the tax based on the […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Nothing is stopping office-to-resi conversions in
NYC

How To Build Credibility When Raising Capital For A Real
Estate Deal

Mass Timber’s Rise Tied To Tariffs, Market
Volatility

Why The Economy Looks Great To Boomers, But Miserable To Gen
Z

“There’s just not enough”: Declining inventory drives up
competition for NYC homes

NY Dirt: Mamdani’s public bathroom pilot could provide
relief to developers

What Fed Rate Hikes Could Mean For Real Estate Investors to
End the Year

Council tees up expansion to rent protection program

Former Hudson Yards hotel sold in foreclosure
auction

Borough Developers buys site for trio of 99-unit DoBro
buildings


