๐๏ธ NY Mayor skips council hearing on mansion tax
Mayor Zohran Mamdani's administration submitted a memo instead of attending a City Council hearing on the pied-ร -terre tax. Finance Commissioner Richard Lee explained ongoing litigation prevented his in-person appearance on August 25th. The levy applies a surcharge to non-primary homes valued at $5M+ or condos worth $1M or more. The memo clarified that the roll provides grounds for owners to challenge valuations, not tax bills. The appeal deadline was extended to September 18, 2026, with extra staff assisting residents. ๐ก