The city sent nearly 40% of its initial pied-à-terre tax warnings erroneously.
The Mandami administration has pushed the deadline for NYC residents to file for an exemption from the city’s pied-à-terre tax from Oct. 6 to Oct 13. The city sent nearly 40% of its initial pied-à-terre tax warnings to homes that were actually primary residences, not second homes, and therefore exempt from the tax.
“As of Tuesday around 9,300 applications had been received by the city Department of Finance, of which more than 5,200 properties have been deemed primary residences by the agency and therefore exempt from the tax. That’s a success rate of 55%,” Greg B. Smith writes for The City Reporter.
The extension is in response to a lawsuit filed by attorney Randy Mastro, who “persuaded a judge to order a halt to the rollout of the new tax,” The City Reporter reports.
Read the full story: NYC Pied-à-Terre Tax Exemptions Mount as Mamdani Again Moves Deadline
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