Homeowners across New York City now have an extra month to prove their primary residency and avoid Mayor Zohran Mamdani’s new pied-à-terre tax, an extension triggered by mass confusion over a publicly posted tax roll.

But as the city tries to address problems with the rollout, real estate leaders caution that targeting high earners could ultimately backfire on working-class New Yorkers if revenue shifts out of state.

“Policymakers need to be honest about the trade-offs and what drives the local economy,” Aria Development Group founding partner David Arditi told Fox News Digital, warning that if high-earning taxpayers leave, “it doesn’t just…

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