Updates
- The deadline moves again: October 6, 2026
2026-08-25 · September 18 did not hold. The Department of Finance program page now carries October 6, 2026 as the exemption application deadline, and states it three times.
- Signed, then stayed
2026-08-10 · Justice Ozzi signed the restraining order. The City appealed hours later, which stayed it, and the Appellate Division kept the stay on August 13.
- The rollout reaches court
2026-08-07 · Three homeowners petitioned Richmond County Supreme Court over the roll and the notices, with an emergency application for a temporary restraining order.
- The emergency rule that carries the extension
2026-08-03 · The instrument behind the extension, the good-cause valve under September 18, in-person filing, and the evidence list the emergency rule left alone.
- The first numbers: 2,000 filed, 4,800 started
2026-08-03 · City Hall put numbers on the rollout: around 2,000 exemption applications filed and 4,800 more started, against roughly 17,000 notices mailed.
- The deadline moves: September 18, 2026, for everyone
2026-08-01 · Mamdani and Commissioner Lee announced a four-week extension of the exemption application deadline, to September 18, 2026, for everyone who got a notice.
- Two tracks, two clocks, one election
2026-07-28 · The DOF residency appeal runs 30 days from transmission. The Tax Commission value challenge runs to March 2027. Choosing one can close the other.
- The published list, and the argument about it
2026-07-27 · Press analysis of the published roll put roughly 24,300 properties above the threshold, about 17,500 of them condo or co-op units. Then came the argument.
- The roll addendum, and what a Phase One value is
2026-07-24 · DOF published a supplemental market value roll listing properties that may be subject, with Phase One values. A final version is due December 31, 2026.
- Notices mailed, with a code and a date
2026-07-22 · Notices dated July 22, 2026 carry a unique security code and a respond-by date. The printed dates have since been extended twice, and now run to October 6.
- The final rules, and four things that changed
2026-07-14 · 19 RCNY Chapter 62 was published as a proposal June 9, heard July 9, and adopted July 14 after 35 online comments. Four changes in the final text matter most.
- Enacted: Part HH of Chapter 59 of the Laws of 2026
2026-05-28 · Enacted as Part HH of Chapter 59 of the Laws of 2026: Tax Law Article 30-C, Administrative Code Title 11 Chapter 32, effective July 1, 2026.
- The Comptroller's office scores the proposal
2026-04-30 · The Comptroller's office put the surcharge at $340 million to $380 million a year, and produced two property counts that are not interchangeable.
- The proposal is announced
2026-04-15 · Hochul and Mamdani announced a surcharge on second homes valued at $5 million or more, with a projection of about $500 million a year attached.