Mayor Zohran Mamdani again faced questions Monday morning about his administration’s rollout of a pied-à-terre tax, a plan he still thinks will raise $500 million for New York City.
Reporters peppered the mayor during an unrelated press conference on Monday just days after Mamdani gave homeowners an additional month to apply for an exemption and prove their home is a primary residence. The deadline is now Sept. 18.
“I think, first and foremost, that I understand the concerns New Yorkers have, especially when it comes to a new tax,” Mamdani said when asked whether he has any regrets about the rollout of the tax. “And as we know that new taxes typically present more questions than they do answers.”
He elaborated, saying there’s been “a willful and an unintentional conflation of both the property tax roll and these letters.”
The property tax roll listed close to 1 million addresses across the five boroughs that may be subject to the new tax, prompting some New Yorkers to believe they would need to pay the tax. Mamdani, and the city, have clarified that, in actuality, a fraction of that list would fall under the tax category.
Mamdani said some 17,000 New Yorkers were sent letters notifying them of the pied-à-terre tax — which is only designed to tax homeowners on secondary residences valued at more than $5 million.
Some in the city, however, have said that they received letters but their property is a primary residence.
Faced with growing outcry and repeated questions from reporters in recent days, Mamdani said a deadline to file an exemption with the city would be pushed back an extra month to allow for New Yorkers to submit the necessary evidence that they should not be subject to the tax.
The extended deadline applies to everyone who received a “You may be subject to…” notice from the Department of Finance. Homeowners who believe they may qualify for an exemption can submit an application on nyc.gov/npsurcharge.
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