A New York City judge has ruled that the city must resume its secondary-home tax program, which had been paused amid legal challenges, requiring property owners with vacation homes to pay an additional tax. The decision comes as the city appeals the ruling, arguing that the program’s implementation was flawed and could face further legal hurdles. Property owners and real estate advocates have long opposed the tax, claiming it unfairly targets second-homeowners without addressing broader housing affordability issues. The outcome could have significant financial implications for both the city and affected property owners.
Judge orders New York City to restart secondary-home tax rollout; city appeals Reuters
