New York passes pied-à-terre tax for luxury NYC second homes

New York City is getting its pied-à-terre tax. State lawmakers on Wednesday approved the $268.5 billion 2027 state budget, which included a new annual surcharge on second homes in the city valued at $5 million or more. First announced last month by Gov. Kathy Hochul, the new tax will take effect July 1 and could [...] The post New York passes pied-à-terre tax for luxury NYC second homes first appeared on 6sqft.