NYC Comptroller Gives Thumbs up to Proposed Pied-À-Terre Tax, with some Caveats

NYC Comptroller: Pied-à-terre tax could fall far short of $500 million goal

NEW YORK — Gov. Kathy Hochul’s pied-à-terre tax could fall short of the $500 million she’s aiming for — by more than $100 million — New York City Comptroller Mark Levine found in a report released Thursday. The report said…

Pied-à-terre, hit or miss? Comptroller says NYC second-home tax could score $500M — or fall short

Will the pied-à-terre tax be a windfall for cash-strapped New York City? Comptroller Mark Levine said Thursday that all depends on rules and enforcement for

Pied-à-terre tax in New York: Upstate expansion, NYC revenues, and the budget

New York City is considering a "pied-à-terre" tax on second homes worth more than $5 million, which is projected to raise $500 million a year, but the actual revenue could be between $340 and $380 million due to potential loopholes and tax avoidance strategies.

NYC comptroller gives thumbs up to proposed pied-à-terre tax, with some caveats

New York City Comptroller Mark Levine is giving a thumbs up to Gov. Kathy Hochul and Mayor Zohran Mamdani's proposed pied-à-terre tax. His approval, however, comes with several caveats.

Hochul, Mamdani ‘pied-à-terre’ tax likely won’t raise $500M – and could cost NYC millions: comptroller

Mayor Zohran Mamdani and Gov. Kathy Hochul’s proposed tax on luxury second homes in the Big Apple will fall far short of its $500 million goal -- and drive wealthy residents out of the city, according to the city comptroller's office.

Lawmaker Proposes 'Pied-à-Terre' Tax on Luxury Secondary Residences Upstate

The latest pitch by state Sen. Patricia Fahy, D-Albany, joins similar efforts by Gov. Kathy Hochul and New York City Mayor Zohran Mamdani to target secondary homes in the five boroughs.