City Rescinds Hundreds of Pied-À-Terre Tax Letters

Mamdani’s stubbornly insists pied-à-terre tax will raise $500M — even as NYC winnows number of properties getting hit

Mayor Zohran Mamdani stubbornly insisted the Big Apple will still collect $500 million through the new pied-à-terre tax — despite his own officials slashing the number of properties that could be hit with the levy by 4,000. “We continue to be confident in that assessment of what the annual revenue will look like,” Mamdani told...

POLITICS: Mamdani, Hochul are the pair that can’t shoot straight with their pied-à-terre tax buffoonery

Mayor Zohran Mamdani and Gov. Kathy Hochul are proving to be the Frick and Frack that can’t shoot straight, as the planning, rollout and mulligans from their pied-à-terre tax continue to baffle victims, along with everyone else. The latest twist: City Hall is getting set to resend letters to 10,600 property owners it believes are likely subject to the tax; that means its original list was off by a whopping 40%. Recall that first we were told 13,…

City rescinds hundreds of pied-à-terre tax letters

Mayor Zohran Mamdani is still banking on getting $500 million a year from the surcharge being rolled out.

Mamdani Insists Pied-à-Terre Tax Will Bring In $500M Despite Thousands Fewer Properties Facing Levy

Mayor Zohran Mamdani maintained Wednesday that New York City’s new pied-à-terre tax will generate $500 million annually, even as city officials have dramatically reduced the number of properties potentially subject to the controversial levy. “We continue to be confident in that assessment of what the annual revenue will look like,” Mamdani told reporters Wednesday. His comments came after the city disclosed that the Department of Finance is send…