Trump slams NYC pied-à-terre tax ‘disaster’, weighs efforts to block law
The judge’s Monday order to block the policy was placed on hold after a swift lawsuit by New York City government, and Mamdani said in a press conference yesterday that he and his team would “vigorously” defend the tax in court.
The levy targets owners of second homes and other non-primary residences valued above a certain amount who don’t live in the city full-time,
In his Tuesday Truth Social post, Trump claimed other states were benefiting from the measure and said wealthy property owners were abandoning New York because of the tax.
“The NYC Pied-a-Terre Tax is costing New York City and State a fortune in that the money, eventually to be gotten, is very little compared to to [sic] the TAXES PAID by the tens of thousands of people who are fleeing the City, never to return,” he wrote.
Mamdani said in yesterday’s press conference that his team was confident of success in the case – “and that is a confidence coming from both the legality of the City’s actions as well as the importance of a surcharge on secondary homes worth more than $5 million, a surcharge that will help fund safer streets, that will help fund stronger schools, and it will help fund the city that New Yorkers deserve.”
