NEW YORK — A progressive advocacy group on Wednesday welcomed an appeals court ruling that it said clears the way for New York City to put in place a pied-a-terre tax on luxury second homes.
Citizen Action of New York, a statewide grassroots organization, said in a Nov. 4 statement that the decision opens a path for Mayor Zohran Mamdani’s administration to carry out the tax. The group’s release did not identify the court that issued the ruling.
“This is a win for New Yorkers and a step toward making the ultra wealthy pay what they owe,” said Carolyn Martinez-Class, the group’s co-executive director.
Martinez-Class argued that wealthy property owners should not receive a tax break on high-end homes they rarely occupy at a time when working families are struggling to pay for rent, groceries and other basics.
“Our communities need resources, and it’s only fair that those who have the most contribute their share,” she said.
A pied-a-terre tax is a levy aimed at expensive residences whose owners keep them as part-time homes rather than primary residences. Supporters, including Citizen Action, describe it as a way to raise revenue from the city’s wealthiest property owners.
The group framed the ruling as part of a broader push on affordability and economic fairness in the city. “This is what fighting for economic justice looks like,” Martinez-Class said.
The statement did not say how much revenue the tax is expected to raise or when it could take effect.
The outcome could be watched closely across the Hudson River, where New Jersey has its own concentration of high-value homes and ongoing debates over property taxes and housing costs.
This report is based on information from Citizen Action of New York.
Source: Citizen Action of New York
Leave a Reply