NY Targets Luxury Second Homes With First-Ever Pied-à-Terre Tax To Close Budget Gap
The #1 source in the world for all things Harlem. By HWM New York is taking aim at ultra-luxury real estate with a first-of-its-kind tax designed to generate revenue while easing the burden on working residents. Mayor Zohran Mamdani and Gov. Kathy Hochul have announced a proposed pied-à-terre tax that would apply to high-value secondary homes owned by non–New York City residents. The measure targets… The post NY Targets Luxury Second Homes With First-Ever Pied-à-Terre Tax To Close Budget Gap appeared first on Harlem World Magazine.
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By HWM New York is taking aim at ultra-luxury real estate with a first-of-its-kind tax designed to generate revenue while easing the burden on working residents. Mayor Zohran Mamdani and Gov. Kathy Hochul have announced a proposed pied-à-terre tax that would apply to high-value secondary homes owned by non–New York City residents. The measure targets…
The post NY Targets Luxury Second Homes With First-Ever Pied-à-Terre Tax To Close Budget Gap appeared first on Harlem World Magazine.
