pied-a-terre tax
Coverage of pied-a-terre tax in the Nexus archive.
- Editorial | Here’s how NYC can tackle the next big budget hole
New York City faces a $6-$8 billion budget deficit for FY2028, prompting Mayor Zohran Mamdani to direct city agencies to cut budgets by 2.5% through efficiency measures. The city seeks additional resources, including potential state aid and the pied-a-terre tax on luxury second homes, but these may not suffice to close the gap.
- Gov. Hochul bizarrely claims Mamdani’s brand new pied-a-terre tax list is ‘not out of the ordinary’
Gov. Kathy Hochul dismissed backlash against Mayor Zohran Mamdani’s newly released pied-a-terre tax list, calling it 'not out of the ordinary.' The tax, part of a policy Hochul supported, has drawn criticism for identifying New Yorkers potentially affected by the new levy.
- Mamdani property database sparks doxxing, safety fears
Zohran Mamdani's administration published a database listing addresses of wealthy NYC property owners potentially liable for the city's new pied-a-terre tax. Real estate groups and Republican strategists criticized the move, citing privacy and safety risks.
- Deep-pocketed buyers rush to buy ahead of the looming pied-a-terre tax as West Village tower hits $1 billion in contracts
Deep-pocketed buyers are rushing to purchase properties before a looming pied-a-terre tax, with a West Village tower reaching $1 billion in contracts. The article questions if the West Side Highway is becoming the new Billionaires’ Row.
- New York passes Mamdani's pied-a-terre tax. Here's who pays and how much
New York City has passed a pied-a-terre tax targeting owners of second homes, with Citadel CEO Ken Griffin highlighted as a prominent figure associated with the policy. The tax, proposed by Mayor Zohran Mamdani, aims to address luxury housing ownership and affordability issues.