Cross your fingers that a state judge’s slapdown of the pied-à-terre tax’s rollout marks the beginning of the end of the whole misbegotten tax.
This week’s ruling came in a case challenging the burden the city placed on homeowners to prove they don’t owe the tax, which applies to nonresidents who own co-ops and condos valued $1 million or more or one-, two- and three-family homes worth $5 million and up.
Not only did City Hall require homeowners to prove they resided in Gotham for more than half the year, it told 17,000 New Yorkers they may be liable for the tax, and posted a list of 900,000 city properties as potentially ripe for the hit, which the judge ordered removed.
While the city prepares to appeal that ruling, other plaintiffs filed two more suits contesting the legality of the tax itself…