“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,” Trump posted on Truth Social on Tuesday morning.
“This dangerous political ‘experiment’ in New York will destroy what was once a great City and State,” Trump said, adding: “This doesn’t work in America, and must be stopped, NOW!” The President said he was looking to see if the federal government has “any legal right to avert this disaster.”
“I believe that in the state of New York, if you have a $5 million second home, then you should be able to afford to pay for police and fire and trash removal and snow removal in the wintertime,” Hochul told local media Tuesday. “Donald Trump ought to focus on all the pain he’s causing New Yorkers and knock it off and don’t worry about us.”
New York authorities say the tax is expected to generate at least $500 million a year in revenue, which would help close the city’s $12 billion budget gap over fiscal years 2026 and 2027.
As part of the rollout, New York City’s finance department sent letters to about 17,000 addresses that “may be subject to the charge” and shared a data set of about 900,000 properties on its website. A listed property may be exempt from the tax if it is the primary residence of a tenant or subtenant, or an immediate family member of the owner or a majority stakeholder, among others. If a property owner received a letter, they can file for exemption if they are eligible.
What’s the backlash about?
Last week, a group of homeowners sued the city administration over its rollout of the tax. The lawsuit particularly challenged the release of the data set and the sending of the letters, and argued that the city “has arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge.”
Randy Mastro, the former first deputy mayor under Mamdani’s predecessor Eric Adams and a vocal critic of the incumbent mayor, represented the plaintiffs. Speaking to Spectrum News NY1, Mastro said he also received one of the letters erroneously, and described the tax program as “a botched rollout that didn't involve any of the work the Mamdani Administration should've done before sending out any of those letters.”
But the city appealed the judge’s order, triggering an automatic stay pending appeal. A hearing before Ozzi is scheduled for Aug. 31.
On Monday, Mamdani continued defending the tax and said his administration was “confident” in it, as it would give the city more funding for its schools and streets. As for the rollout, the mayor said: “We always know that with any new tax, there are more questions than there are answers.”
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