
Impact of NYC’s Pied-à-Terre Tax on Luxury Homeowners
New Tax Targets High-Value Properties Mayor Zohran Mamdani of New York City has introduced a new tax targeting luxury homes that are not primary residences. The pied-à-terre tax took effect on July 1. The initiative aims to enhance housing affordability. Property owners affected by this surcharge will notice it in their tax bills due January […]

