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Luxury Tax Back On After Legal Win | New York City News
The city’s luxury home tax is back on track after a state appeals court cleared the way, reversing a prior injunction that threatened to delay the plan. Targeting homes worth $5 million+ and high-value co-ops not used as primary residences, the tax sparked backlash when the city published a public list of potential targets—leading to legal challenges and confusion. Despite lawsuits claiming the list was unfair and intrusive, the city insists it’s merely a preliminary step, having already sent letters to 17,000 homeowners and received nearly 4,000 appeals. With a key court hearing set for late…
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