New York City Mayor Zohran Mamdani has extended the deadline for homeowners to apply for an exemption from the new pied-à-terre tax by one month, moving it from August 21 to September 18. This tax, which took effect on July 1, applies to high-value homes worth over $5 million that are not the owner's primary residence. The extension is intended to provide more time for homeowners to demonstrate that their property is their primary residence, thereby exempting them from the tax. The Department of Finance had previously sent notices to homeowners indicating they may be subject to the tax, leading to some confusion regarding the applicability of the tax to properties listed in a supplemental market value roll published on July 24. The city has clarified that only those who received notification letters are required to take further action regarding the exemption application. The pied-à-terre tax was passed by the New York State Legislature in May and will affect secondary residences valued over $5 million during the 2026-27 and 2027-28 property-tax years.
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New York City Extends Deadline for Homeowners to Apply for Pied-à-Terre Tax Exemption
Mayor Zohran Mamdani has extended the deadline for New York City homeowners to apply for an exemption from the pied-à-terre tax to September 18. The tax targets high-value homes not used as primary residences and was enacted by the New York State Legislature in May.
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Mamdani extends deadline for NYC homeowners to seek exemption from new pied-à-terre tax
New York City Extends Deadline for Homeowners to Apply for Pied-à-Terre Tax Exemption