NYC Pied-à-Terre Tax May Miss Ultra-Luxury Condos
NYC's new pied-à-terre tax targets $5M+ non-primary residences, but a broken assessment system may let trophy properties worth tens of millions escape.
3 articles tagged with "Luxury Real Estate"
NYC's new pied-à-terre tax targets $5M+ non-primary residences, but a broken assessment system may let trophy properties worth tens of millions escape.
Governor Hochul's proposed pied-à-terre tax on luxury non-resident homeowners won't raise $500M as promised and could hurt NYC's finances.
Gov. Hochul wants a property tax surcharge on NYC non-primary residences worth $5M+, potentially raising $500M yearly to close a budget gap.