October 12, 2026
Joshua Wurtzel recently spoke with the New York Post about the future of New York City’s pied-à-terre tax, which the city announced earlier this year would be levied on luxury second homes, co-ops worth more than $1 million, and houses over $5 million. The article, entitled “NYC loses more than half of pied-à-terre tax appeals, threatening projected revenue pot: ‘Out the window,’” examines the rollout and how the City will proceed in the midst of ongoing lawsuits and a flood of exemption requests.
On September 29, 2026, Staten Island Justice Wayne M. Ozzi struck down the City’s tax rollout, followed by City Hall appealing the decision and obtaining a stay on the order, allowing Mayor Mamdani’s administration to continue with the current plan while the suit moves through the appeals process. 10,000 homeowners have also submitted exemption applications, with 5,700 already approved ahead of the October 13 submission deadline.
Joshua says next steps hinge on whether or not the Court upholds the appeal.
“If the court’s decision ends up being upheld on appeal, which I think there’s probably at least a decent chance [of] that, then all of this kind of goes out the window,” Joshua tells The Post.
Read the full article on New York Post.
Joshua Wurtzel is a partner at Schlam Stone & Dolan LLP who focuses his practice on complex commercial, real-estate, and commercial-lending litigation. He has been recognized on the Best Lawyers “Ones to Watch® in America” list in Commercial Litigation and the New York Metro Super Lawyers® "Rising Stars" list in Business Litigation.