New York’s pied-à-terre tax explained: Which luxury homes could face an extra bill?

New York City's new tax targets expensive second homes not used as primary residences. This measure aims to generate significant annual revenue for the city. However, complex ownership structures complicate tax liability determination for many owners. The city has sent notices to thousands of properties, offering ex

A judge on Monday blocked New York City Mayor Zohran Mamdani from imposing a new tax on around 1 million residents, who he said own second homes.  Mamdani worked with Gov. Kathy Hochul (D-NY) to implement the pied-à-terre surcharge after he was sworn into office as the city’s first socialist mayor, publishing a list co

Judge temporarily blocks New York City Mayor Zohran Mamdani’s pied-a-terre tax  Chicago Tribune