Mamdani’s pied-à-terre tax has a winner — Greenwich, CT, where condos just hit $12M for the first time ever

For the first time in Greenwich history, condos are selling for as much as $12 million, blowing past the town’s previous record condo sale of $6.75 million by nearly 50 percent. The prices are coming out of Chilston Court, a new luxury development in downtown Greenwich from Caspi Development, the team behind Tribeca’s

The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.

A judge just ruled the city illegally shifted the burden of proving tax status onto owners like Ken Griffin, pausing Mamdani's $500 million levy.

Trump Threatens to Take Federal Action to Block Mamdani’s Pied-à-Terre Tax  WSJ

The new tax is expected to bring in $500 million annually for America's largest city

President Trump on Tuesday went after New York City Mayor Zohran Mamdani’s (D) attempt to tax second homes worth over $5 million. Trump called the proposed “pied-à-terre” tax a “dangerous political ‘experiment'” in a Tuesday Truth Social post. The president’s comments came after a Staten Island, N.Y., judge temporarily

President Donald Trump said Tuesday that his administration is examining whether the federal government has the authority to intervene against New York City Democratic Mayor Zohran Mamdani’s controversial pied-à-terre tax.  “I am looking to see if the Federal Government has any legal right to avert this disaster, befor

President Donald Trump said Tuesday that he was exploring ways for the federal government to forcibly end New York City Mayor Zohran Mamdani’s pied-a-terre tax, which targets second homes. The president wrote on Truth Social that the tax “is costing New York City and State a fortune in that the money, eventually to be

President Donald Trump said he would examine whether the federal government can stop New York City Mayor Zohran Mamdani’s new pied-à-terre tax, which was temporarily blocked by a state court.

A New York judge on Monday temporarily blocked New York City Mayor Zohran Mamdani's pied-à-terre tax after homeowners sued over the city’s handling of the program.

Staten Island Supreme Court Justice Wayne Ozzi issued a temporary restraining order effectively prohibiting any action on the luxury second home tax.

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 s

Judge temporarily blocks New York City Mayor Zohran Mamdani’s pied-a-terre tax  Chicago Tribune

Michael M. Santiago/Getty Images New York City Mayor Zohran Mamdani's pied-à-terre tax was temporarily blocked by a judge on Monday. The ruling comes after New York homeowners sued the city. The tax is intended to apply to non-primary homes worth over $5 million. New York City Mayor Zohran Mamdani's pied-à-terre tax

Judge temporarily blocks rollout of Mamdani’s pied-à-terre tax  CNN

New York City has announced an extension for the pied-à-terre tax exemption deadline to September eighteenth, responding to resident concerns about the lack of clear notifications and the complexities of the exemption process. To enhance communication citywide, particularly across boroughs, outreach initiatives are bei

A group of New York City homeowners sued Mayor Zohran Mamdani and the city’s finance director over the rollout of the new pied-à-terre tax Friday.