Dossier
5 million dollars
Coverage of 5 million dollars in the Nexus archive.
- Mamdani, Hochul team up on second-home tax: What to know
New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani have proposed a 'pied-à-terre tax' on second homes in NYC valued over $5 million to address the city’s budget deficit by targeting the ultrawealthy. The tax aims to generate revenue through an annual levy on luxury secondary residences.