Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Pied-à-Terre Tax Faces Legal Fire | Real Estate News
The city’s controversial pied-à-terre tax is moving forward despite legal chaos and public backlash, with an appeals court letting it stand while lawsuits play out. Targeting second homes to fund city services, the plan has sparked outrage over a sprawling list of nearly 900,000 properties — many of which are primary residences. The administration’s absence from a key oversight hearing added fuel to the fire, while homeowners’ legal challenge, led by former Deputy Mayor Randy Mastro, is on hold pending a court decision August 31. Even if that order lifts, residents can still contest residency…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.