Mamdani’s pied-à-terre tax survives legal challenge

A panel of Brooklyn appellate judges ruled that New York City Mayor Zohran Mamdani's administration can resume the rollout of the city’s pied-à-terre tax. A judge previously ruled that the city mismanaged the tax’s implementation; Wednesday’s ruling reverses that ruling. The panel found that the plaintiffs failed to demonstrate injury as a result of the city’s implementation, CNN reports.  

“The pied-à-terre tax imposes a surcharge on New York City properties that are not used as primary residences and are valued at more than $5 million. The tax also targets co-ops valued at $1 million or more. The surcharge does not apply if the home is rented or if a relative of the owner lives in the home a majority of the time,” Gloria Pazmino writes for CNN.

The tax still faces two other lawsuits, which argue that the tax is unconstitutional and discriminatory toward out-of-state property owners.