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Casino mogul and former Trump secretary join forces to take on NYC’s pied-à-terre tax
The suit says the surcharge is unconstitutional and could cost Ross more than $83,000 and Wynn over $183,000.
- Casino mogul Steve Wynn and former Trump administration commerce secretary Wilbur Ross sued the state on Monday to block New York City's pied-à-terre tax, arguing the surcharge is unconstitutional because it discriminates against people who do not primarily live in the state.
- Mayor Zohran Mamdani championed the pied-à-terre tax as a way to generate $500 million annually from wealthy second-home owners, targeting properties valued above $5 million or condos above $1 million that are not primary residences.
- Individual assessments show Ross liable for more than $83,000 on his Manhattan co-op and Wynn facing over $183,000 on his city property, despite both being Florida residents with additional holdings like Ross's Hamptons home on Long Island.
- Gov. Kathy Hochul's office dismissed the challenge, stating Wynn and Ross strengthen the case for the tax by seeking sympathy over their financial obligations, while a judge on Tuesday ruled against the city's rollout procedures and ordered it to restart with greater due diligence.
- Wynn and Ross argue that pied-à-terre owners already contribute substantially through property taxes and charitable giving, as the city confronts ongoing procedural questions about fairly administering the new surcharge amid multiple legal battles.
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Associated Press News+9 Reposted by 9 other sources
Casino mogul and former Trump secretary join forces to take on NYC's pied-à-terre tax
New York City’s tax on luxury second homes has its latest moneyed opposition: casino mogul Steve Wynn and former Trump administration secretary Wilbur Ross.
·New York, United States
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Total News Sources10
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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