Overview
- The surcharge, enacted in the state budget and effective July 1, targets non‑primary single‑family homes assessed at $5 million or more and condos or co‑ops assessed at $1 million or more.
- The Department of Finance posted a large supplemental roll and mailed about 17,000 preliminary notices in late July, prompting privacy complaints and errors that led the city to extend the exemption and appeal deadline to Sept. 18.
- Three homeowners sued over the rollout’s procedures, and Staten Island Justice Wayne Ozzi issued a temporary restraining order that the city immediately appealed, triggering an automatic stay of the judge’s pause.
- An appellate panel ruled Thursday, Aug. 13, that the city may continue implementing the rollout pending the appeal and a trial‑court hearing set for Aug. 31.
- President Trump has publicly said the federal government is reviewing whether it can intervene but has not filed suit, while experts warn revenue, enforcement and market effects remain uncertain because of exemptions, ownership structures and ongoing litigation.