What’s a pied-à-terre tax and why do people care?
6 Articles
6 Articles
What’s a pied-à-terre tax and why do people care?
Many homeowners have spent the last couple of days panicking that they’ll end up being subject to the new pied-à-terre tax on high-value second homes in New York City. Confusion has run rampant since the city Department of Finance last week posted a sprawling list of properties across the city, described as something that “includes, but is not limited to those properties that may be subject to the surcharge.” In reality only a small fraction of …
Mamdani’s searchable database of second-home owners draws ‘hit list’ accusations from Fox News critics
New York Mayor Zohran Mamdani’s decision to publish a searchable public database of pied-à-terre property owners has drawn bipartisan condemnation, with critics calling it a taxpayer “hit list” that endangers residents. The database, which lists owners of unoccupied second homes valued at $1 million or more across all five boroughs, went live Monday alongside a...
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