NYC Comptroller Raises Questions About Pied-a-Terre Tax’s Revenue Potential

The Mamdani administration’s proposed pied-a-terre tax could raise more than $500 million in revenues annually, but substantial variables in the design, implementation, and enforcement of the program could result in the estimate falling by as much as one-third, New York City Comptroller Mark Levine reported. The tax would be levied on an estimated 11,200 residential properties valued at $5 ... The post NYC Comptroller Raises Questions About Pied-a-Terre Tax’s Revenue Potential appeared fir