NYC Sends Letters to Property Owners Who Could Be Subject to Pied-À-Terre Tax
The levy could raise up to $500 million a year for parks, schools and libraries, the mayor said.
6 Articles
6 Articles
The New York City government has begun sending out the first notices to homeowners who may be eligible for the "pied-à-terre tax," which applies primarily to one- to three-family homes, condominiums, and cooperative apartments that do not use their New York City home as their primary residence and meet the tax criteria.
NYC begins notifying pied-à-terre owners about new tax
New York City has begun alerting pied-à-terre owners about a potential surcharge, marking the first step toward implementing the city’s new tax on non-primary luxury homes. Mayor Zohran Mamdani and Department of Finance (DOF) Commissioner Richard Lee this week announced that the city has started notifying property owners by mail that they may be subject to the new tax. The annual tax, approved in May, applies to one- to three-family homes, condo…
"When I took office, I made it clear that our city would need long-term solutions to its long-term fiscal challenges," Mamdani said in 'X'. "This year's tax day I promised that we would charge the rich, and with our new pied-à-terre tax, that's exactly what we did."tags: mamdani, eeuu, new york, rich, tax» original news (voice.us)
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