The suit seeking to tie up the city’s pied-à-terre tax in the courts is “weak” and likely to be ineffective in accomplishing any significant delay in the tax’s rollout, legal experts and economists told amNewYork Law.
Earlier this week, a Staten Island judge temporarily paused the city’s rollout of its surcharge on second homes in the five boroughs in response to a suit brought last Friday by homeowners, which argued the way City Hall rolled out the tax created “mass confusion.” Therefore, the suit said, the 17,000 property owners who received mailed notices telling them they may owe the new tax should have more time to challenge whether they are responsible for paying it, and the city should not be allowed to keep a list of 900,000 properties and their owners up on its sites.
