Gov. Hochul and Mayor Mamdani Push Pied-À-Terre Tax

New York real estate groups blast Hochul's pied-à-terre tax

(The Center Square) — New York real estate groups are urging Albany lawmakers to reject Gov. Kathy Hochul's plans to set a new 4% tax on the sale of second homes to plug New York City's budget gaps.

Imperial Gov. Hochul's White People Tax on 2nd Homes Worsens

NEW YORK, NY – AUGUST 26: New York State Governor Kathy Hochul speaks at a press conference announcing State Senator Brian Benjamin as Lt. Governor on August 26, 2021, in New York City. Hochul’s new mandate on second homes in New York City now applies to properties with a “market value” of $1 million or more (for the next two years, as if it will stop in two years). Originally, she said it would apply to second homes with a “market value” of $5 …

Governor Kathy Hochul Plans Two-Phase Tax Hike On NYC Luxury Second Homes To Help Plug Budget Shortfall:

Hochul's revised NYC luxury second-home tax plan would roll out in two phases, according to report.

Gov. Hochul and Mayor Mamdani push pied-à-terre tax

Today, Jamie discusses discusses new details surrounding Gov. Kathy Hochul’s proposed pied-à-terre tax on second homes.

Hochul's Pied-à-Terre Tax: What Changed in the Six Days Since the Budget Deal

When Gov. Kathy Hochul unveiled her $268 billion state budget framework on May 8 with a first-of-its-kind pied-à-terre tax for New York City, the headline-grabbing question was whether the measure would survive Albany’s late-stage budget brawl. Six days later, the question has shifted. On Thursday, May 14, Hochul’s office released the implementation details, and the picture that emerged is sharper, more complicated, and considerably more consequ…

Hochul Pitches Lawmakers a Pied-à-Terre Tax on Homes Valued Over $1M

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