On November 4, 2026, a New York state appeals court ruled that Mayor Zohran Mamdani can continue implementing a tax on luxury second homes, dismissing a lawsuit from homeowners who claimed the tax was improperly rolled out. The court found that the plaintiffs did not have legal standing to challenge the tax. This ruling allows the city to proceed with the pied-à-terre tax, which applies to second homes valued at $5 million or more for certain properties and $1 million for condos. Further legal challenges to the tax's constitutionality are anticipated next month.
Key facts
- The appeals court ruled on November 4, 2026.
- The tax targets second homes valued at $5 million or more for certain properties.
- Approximately 17,000 property owners received initial tax notices in July.
- The lower court had previously ordered a redo of the tax rollout.
- Further legal challenges to the tax's constitutionality are expected next month.
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