Bloomberg
US · 1 hrs ago
✦ 78◉ Centre
Mamdani’s NYC Budget Plan Counts on Taxing Pricey Second Homes
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Accuracy 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
A New York City budget proposal by Mamdani would introduce a new tax on luxury second homes while leaving property tax rates for most homeowners unchanged.
Mamdani’s NYC Budget Plan Counts on Taxing Pricey Second Homes
Most New Yorkers will not have to worry about seeing their property tax rates go up soon. But for a small number of those who own luxury second homes in the city, the prospect is still alive.
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