Key facts
- A state judge has temporarily blocked New York City's pied-à-terre tax.
- The tax applies to non-primary homes valued over $5 million.
- Homeowners sued, alleging the tax rollout incorrectly included primary residences.
- A hearing is scheduled for August 31 to address the lawsuit.
A state judge has temporarily blocked New York City's pied-à-terre tax, which targets non-primary residences valued over $5 million, following a lawsuit filed by homeowners. The judge issued a temporary restraining order preventing the city from enforcing the tax.