Uploaded August 2026 | Updated September 2026, 2 weeks ago
An appeals court has temporarily put a hold on a Staten Island judge’s order blocking the rollout of New York’s pied-à-terre tax, allowing the city to continue implementing the tax. #nyc #mamdani #newyork #news #usa
The suing homeowners claim the city caused “mass confusion” with its identification of properties subject to the tax and that the city is shifting its responsibility to correctly identify taxable properties to homeowners.
The city says it is quickly handling exemption applications, having received 4,300 so far, with nearly half of those applying already granted exemptions.
Read more: bloomberg.com/news/articles/2026-08-13/nyc-pied-a-terre-tax-can-proceed-for-now-appeals-court-says
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An appeals court has temporarily put a hold on a Staten Island judge’s order blocking the rollout of New York’s pied-à-terre tax, allowing the city to continue implementing the tax. #nyc #mamdani #newyork #news #usa
The suing homeowners claim the city caused “mass confusion” with its identification of properties subject to the tax and that the city is shifting its responsibility to correctly identify taxable properties to homeowners.
The city says it is quickly handling exemption applications, having received 4,300 so far, with nearly half of those applying already granted exemptions.
Read more: bloomberg.com/news/articles/2026-08-13/nyc-pied-a-terre-tax-can-proceed-for-now-appeals-court-says
----------
Like this video? Subscribe youtube.com/@Bloomberg-News
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg on YouTube:
youtube.com/@business
youtube.com/@markets
youtube.com/@BloombergTechnology
youtube.com/@BloombergPodcasts
Connect with us on social:
instagram.com/bloombergbusiness
linkedin.com/company/bloomberg-news
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