Judge temporarily blocks Mamdani’s pied-à-terre tax on second homes

New York mayor’s office plans to appeal ruling, which comes after homeowners sued over property surcharges last week A judge has temporarily blocked Zohran Mamdani ’s pied-à-terre tax , which would place a surcharge on second homes in New York City , dealing a blow to the progressive New York City mayor after homeowners sued over the policy. The tax would apply to people who own, but do not reside full-time in, any house worth more than $5m, or a condominium or cooperative unit worth at least $1m. Continue reading...