A New York City judge has ruled that the city must resume its program allowing property owners to pay a lower tax rate on secondary homes, overturning a previous suspension. The decision comes after a legal challenge from real estate groups and individuals who argued the program was unfairly halted. The secondary-home tax exemption, which applies to properties not used as primary residences, had been paused amid disputes over eligibility and enforcement. Property owners and advocates now await further guidance on how the rollout will proceed under the new court order.
Judge orders New York City to restart secondary-home tax rollout By Reuters Investing.com
