What's Hot

    Investors have made large bets on tech shares. Why one strategist simply downgraded the sector. | Invesloan.com

    October 14, 2026

    Bipartisan senators press Trump to scrap Russia diesel deal | Invesloan.com

    October 14, 2026

    My Wife and I Have a 30-Year Age Gap and Run a Dating Site Together | Invesloan.com

    October 14, 2026
    Facebook Twitter Instagram
    Finance Pro
    Facebook Twitter Instagram
    invesloan.cominvesloan.com
    Subscribe for Alerts
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    invesloan.cominvesloan.com
    Home » Mamdani’s New York Pied-à-Terre Tax Was Temporarily Blocked by a Judge | Invesloan.com
    Money

    Mamdani’s New York Pied-à-Terre Tax Was Temporarily Blocked by a Judge | Invesloan.com

    August 10, 2026Updated:August 10, 2026
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New York City Mayor Zohran Mamdani’s pied-à-terre tax was temporarily blocked by a state judge on Monday after homeowners sued the city last week.

    The Staten Island judge issued a temporary restraining order blocking the city from proceeding with enforcing the tax, which is intended to be levied on non-primary homes worth at least $5 million.

    The ruling came after New York homeowners sued over the rollout of the tax, which included the publishing of a property roll that the lawsuit said “caused mass confusion” and “facilitated, invited, and amplified unwanted scrutiny of homeowners’ personal information.”

    The judge ruled that the city must take down the list of over 900,000 homeowners, including names, addresses, and property values, and could not enforce any deadlines laid out in the notices mailed to homeowners while the order is in effect.

    The next hearing in the case was set for August 31.

    “We are very gratified by the judge’s decision, which has vindicated the rights of hundreds of thousands of New York City homeowners who were subjected to a process they never should have been a part of in the first place,” Randy Mastro, lawyer representing the homeowners, said in a statement provided to Business Insider.

    Matt Rauschenbach, a spokesperson for Mamdani, said in a statement to Business Insider that the city would appeal the ruling.

    “We disagree with today’s ruling, but we are confident in both the pied-à-terre surcharge and the City’s ability to implement it fairly and effectively,” he said.

    Earlier on Monday, Mamdani criticized Mastro, who served as first deputy mayor under his predecessor, Mayor Eric Adams, for filing several lawsuits against the city.

    “You know, there are few things more certain in New York City than death, taxes and Randy Mastro filing a lawsuit against this administration,” Mamdani said at a press conference. “So we look forward to vigorously defend our city’s position in court as we have done so with the previous lawsuits that he has filed and I’m sure with the lawsuits that he will continue to file in the months and years to come.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Keep Reading

    My Wife and I Have a 30-Year Age Gap and Run a Dating Site Together | Invesloan.com

    The Employers and Applicants Winning and Losing With New H-1B Policies | Invesloan.com

    How Remote Work Changed American Life: Birth Rates, Labor, and AI | Invesloan.com

    Chinese Companies Aren’t Winning Just by Being Cheaper: Goldman Sachs | Invesloan.com

    Ukraine, NATO Build AI to Predict Where and When Russian Drones Strike | Invesloan.com

    Inside the Singapore Assisted-Living Home Built Around Community | Invesloan.com

    AI Agent Company Decagon Has Held Early M&A Talks and Hired a Banker | Invesloan.com

    Character AI Owes Google, Big Law Firms Nearly $7M, Court Filings Show | Invesloan.com

    OpenAI Says ‘Hidden’ Recording Device Was Planted in Office | Invesloan.com

    LATEST NEWS

    Investors have made large bets on tech shares. Why one strategist simply downgraded the sector. | Invesloan.com

    October 14, 2026

    Bipartisan senators press Trump to scrap Russia diesel deal | Invesloan.com

    October 14, 2026

    My Wife and I Have a 30-Year Age Gap and Run a Dating Site Together | Invesloan.com

    October 14, 2026

    Standard Chartered Launched UAE Crypto Trading | Invesloan.com

    October 14, 2026
    POPULAR

    China’s first passenger jet completes maiden commercial flight

    May 28, 2023

    Numbers taking US accountancy exams drop to lowest level in 17 years

    May 29, 2023

    Toyota chair faces removal vote over governance issues

    May 29, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!
    Facebook Twitter Pinterest WhatsApp Instagram
    © 2007-2023 Invesloan.com All Rights Reserved.
    • Privacy
    • Terms
    • Press Release
    • Advertise
    • Contact

    Type above and press Enter to search. Press Esc to cancel.

    invesloan.com
    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}