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Mamdani's tax roll blunder will backfire on everyday New Yorkers as buyers head South, developer warns
Homeowners across New York City now have an extra month to prove their primary residency and avoid Mayor Zohran Mamdani’s new pied-à-terre tax, an extension triggered by mass confusion over a publicly posted tax roll.But as the city tries to address problems with the rollout, real estate leaders caution that targeting high earners could ultimately backfire on working-class New Yorkers if revenue shifts out of state."Policymakers need to be honest about the trade-offs and what drives the local economy," Aria Development Group founding partner David Arditi told Fox News Digital, warning that if...10 hours ago
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