NYC pied-à-terre tax could raise less than Hochul’s $500M estimate, report finds

Gov. Kathy Hochul’s proposed pied-à-terre tax could generate up to $500 million annually, but multiple variables could affect the final revenue, according to a report released Thursday by New York City Comptroller Mark Levine. Introduced last month, the governor’s proposed tax, which would place a surcharge on secondary homes in the five boroughs valued at [...] The post NYC pied-à-terre tax could raise less than Hochul’s $500M estimate, report finds first appeared on 6sqft.