By Mike Matteo
Staten Island Advance, N.Y.
(TNS)
STATEN ISLAND, N.Y. — New York City has extended the deadline for homeowners to prove they should be exempt from the city’s new pied-à-terre tax.
The decision was announced on Aug. 1, as city officials said the deadline for homeowners to apply for exemptions would be pushed back by four weeks.
The original deadline of Aug. 21 has been pushed back to Sept. 18, giving New York City homeowners more time to file an appeal over the new non-primary residence property surcharge.
The new deadline applies to all homeowners who received a letter from the Department of Finance stating they may be subject to the pied-à-terre tax.
The extension allows homeowners to either prove their property is a primary residence or otherwise show they shouldn’t be affected by the tax.
The new deadline will also give homeowners the opportunity to receive assistance and answers from DOF before submitting applications, city officials say.
The tax is supposed to apply to condominiums and co-ops valued at a minimum of $1 million and one- to three-family homes valued above $5 million that are not used as primary residences.
City Hall projects the tax will raise $500 million annually.
The tax has recently drawn the ire of Staten Island officials, many of whom say that their homes were erroneously listed on records of people who may be subject to the tax.
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About the tax
According to the Department of Finance, properties will not be subject to the tax if they serve as the primary residence of any of the following:
For the 2026-27 and 2027-28 property tax years, the surcharge will be based on both the type of property and its market value, said the Department of Finance website.
One-, two- and three-family homes valued between $5 million and $15 million will face a surcharge of 0.8% of market value, while homes valued between $15 million and $25 million will be taxed at 1.05%. Properties worth $25 million or more will be subject to a 1.3% surcharge.
Condominiums and co-ops face steeper rates during the initial phase of the tax, with units valued between $1 million and $3 million subject to a 4% surcharge, those valued between $3 million and $5 million taxed at 5.25%, and units worth $5 million or more facing a 6.5% surcharge.
Photo credit: Ivan Mani/Unsplash
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© 2026 Staten Island Advance, N.Y. Visit www.silive.com. Distributed by Tribune Content Agency LLC.
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