Dossier
DOF
Coverage of DOF in the Nexus archive.
- Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
New York City's pied-à-terre tax, intended to target wealthy second-home owners, is inadvertently prompting middle-class and working-class homeowners to seek costly estate planning to protect privacy and assets. The release of public property data by the Department of Finance (DOF) exposed personal details of property owners, including those with modest homes, leading to concerns about liability and legal exposure.