politics
New York City sends 11,000 more pied-à-terre tax letters as it apologizes to the 1,200 wrongly targeted because it didn't check 2025 tax returns
New York City’s Department of Finance is sending a second wave of pied-à-terre tax letters to roughly 10,800 property owners, even as it mails a very different kind of letter to other owners from the first round, telling them, in effect, never mind.
TL;DR
- NYC DOF is sending a second wave of pied-à-terre tax letters to about 10,800 property owners.
- 1,210 owners from the first round of 17,000 notices have been cleared because their primary residence was confirmed via 2025 tax filings.
- The initial letters were sent before the DOF had access to preliminary 2025 income-tax records from New York State.
- The pied-à-terre tax applies to non-primary residences with rates ranging from 0.8%-1.3% on homes over $5 million and 4%-6.5% on condos/co-ops over $1 million.
- A lawsuit has been filed against the city over the tax's rollout, with critics arguing the city could have obtained tax data earlier.
- Properties owned by corporate entities and those without 2025 tax returns indicating primary residence status are targeted in the new wave of letters.
- The deadline to file an exemption application is October 6th, with appeals to the tax commission possible until early next year.