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Hochul Pitches Lawmakers a Pied-à-Terre Tax on Homes Valued at $1M and Up
Gov. Kathy Hochul has submitted a proposal to Albany lawmakers to approve a structure for the proposed pied-à-terre tax on non-primary residences in New York City. While Hochul and Mayor Zohran Mamdan
•schedule1 min read•Source: Commercial Observer
Gov. Kathy Hochul has submitted a proposal to Albany lawmakers to approve a structure for the proposed pied-à-terre tax on non-primary residences in New York City. While Hochul and Mayor Zohran Mamdani have targeted second homes valued above $5 million, Hochul’s office has started the tax at a 4 percent rate for properties with a […]