Business Insider
US · 36 mins ago
Mamdani just gave wealthy homeowners more time to avoid his pied-à-terre tax
New York City Mayor Zohran Mamdani introduced the pied-à-terre tax in April.
Bloomberg/Bloomberg via Getty Images
Mayor Zohran Mamdani extended a deadline for homeowners seeking exemption from his pied-à-terre tax.
Eligible homeowners now have until September 18 to apply for an exemption.
The tax applies to people who own a secondary property in NYC valued at over $5 million, but who live elsewhere.
Wealthy homeowners who might be subject to New York City Mayor Zohran Mamdani's pied-à-terre…
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