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City Extends Deadline for Pied-à-Terre Tax Exemptions | Real Estate News
The city’s pied-à-terre tax exemption deadline just got extended to October 6th—pushing back from September 18th—giving New Yorkers more time to file as thousands scramble to navigate a messy rollout. Amid ongoing lawsuits from homeowners challenging the tax’s implementation, the city argues that those suing aren’t even being taxed, while critics say the process is backwards, forcing people to prove they don’t owe. The tax targets luxury properties worth $5M+ or co-ops/condos over $1M, and while many applications have been approved, confusion and legal battles continue. Listen in comfort:Get…
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