A Staten Island judge has temporarily blocked New York City’s new tax on luxury second homes after a group of property owners sued last week.
The order from Judge Wayne Ozzi, issued Monday afternoon, stops the city from granting exemptions or collecting pied-à-terre surcharges from roughly 17,000 property owners who received notices in July identifying them as potentially subject to the tax. The order remains in effect at least until the city and the property owners return to court on Aug. 31.
Under the new law, homeowners have until Sept. 18 to apply for an exemption from the surcharge. It applies to second homes worth more than $5 million and condo and co-op second homes with market values of more than $1 million. State lawmakers created the pied-à-terre tax in this year’s state budget as a way to raise revenue for the city. Mayor Zohran Mamdani’s administration was tasked with implementing the new program…