RESOLVING THE LEDGER
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New York mayor’s office plans to appeal ruling, which comes after homeowners sued over property surcharges last week
A judge has temporarily blocked Zohran Mamdani ’s pied-à-terre tax , which would place a surcharge on second homes in New York City , dealing a blow to the progressive New York City mayor after homeowners sued over the policy.
The tax would apply to people who own, but do not reside full-time in, any house worth more than $5m, or a condominium or cooperative unit worth at least $1m.
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