Pied-à-terre tax proposed for ‘global elites’ with second homes in New York — but some worry it will hurt more than help
After pushing Gov. Kathy Hochul for greater tax on the rich, New York City mayor could get his wish ahead of New York’s budget being finalized.
What is Mamdani's pied-à-terre tax? How it differs from mansion taxes
NYC Mayor Zohran Mamdani is moving to tax the rich with a new pied-à-terre tax plan — but what is it, and why is it so rare in the US? What to know.
Mamdani, Hochul team up on second-home tax: What to know
New York Gov. Kathy Hochul (D) and New York City Mayor Zohran Mamdani (D) have proposed a new tax on property owners who have second homes in New York City worth more than $5 million, in an effort to narrow the city’s budget deficit by targeting the ultrawealthy.
Mamdani filmed his pied-á-terre tax video outside Ken Griffin’s $238 million penthouse. Social media loves him for it
New York City mayor Zohran Mamdani was supporting a new pied-á-terre tax targeting 'the richest of the rich' by taxing luxury properties that sit empty.
Mayor Zohran Mamdani lauds Gov. Kathy Hochul’s pied-à-terre tax; would bring in $500 million a year to NYC
Gov. Kathy Hochul’s pied-à-terre tax on expensive secondary residences in the city will bring in at least $500 million a year to city coffers amid Mayor Zohran Mamdani’s full-court press
NYC business leader warns exodus is brewing over Zohran Mamdani’s tax hike crusade: ‘Exploring options’
The head of an influential Big Apple business advocacy group warned that companies are already taking steps to relocate or move jobs elsewhere because of Mayor Zohran Mamdani’s tax-hike crusade. Steve Fulop,
Tax fight heats up as New York targets wealthy homeowners
New York policymakers push higher taxes on wealthy nonresident homeowners, intensifying the debate over revenue, housing and economic competitiveness.