{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreiaumvj4ywt4iz6p74u2dfinqqdntf3rnwanjxeemzfjtzmkqenw3q",
    "uri": "at://did:plc:zecodz2p7o5ysw7lho3fgbqt/app.bsky.feed.post/3mjmks2wdnpt2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreifytcg42rg7khwb7qp27tkh3sfqmsqxutgh6se7b7abawl4yv2qea"
    },
    "mimeType": "image/jpeg",
    "size": 101548
  },
  "path": "/post/8263482",
  "publishedAt": "2026-04-16T13:02:03.000Z",
  "site": "https://hexbear.net",
  "tags": [
    "electoralism",
    "RedWizard",
    "2 comments",
    "https://novaramedia.com/2026/04/16/mamdani-launches-tax-on-second-homes-worth-5m-or-more/",
    "news.abolish.capital/post/42743",
    "Novara Media",
    "This RSS Feed"
  ],
  "textContent": "submitted by RedWizard to electoralism\n24 points | 2 comments\nhttps://novaramedia.com/2026/04/16/mamdani-launches-tax-on-second-homes-worth-5m-or-more/\n\ncross-posted from: news.abolish.capital/post/42743\n\n> New York City mayor Zohran Mamdani has announced a historic new tax on owners of luxury second homes which are worth $5m or more, in a bid to raise $500m for the city.\n>\n> The ‘pied-à-terre tax’ will apply to people who do not live full time in the city but reap the rewards of investing in the New York real estate market.\n>\n> Mamdani called the new tax “specifically designed for the richest of the rich” and said it was aimed at tackling a “fundamentally unfair system that hurts working New Yorkers”, in a video post on social media.\n>\n> The new tax was formally proposed by NY state governor Kathy Hochul, who added on X: “New Yorkers show up for this city every day. Some of the wealthiest property owners and foreign oligarchs don’t. It’s time they start contributing like everyone else.”\n>\n> According to the New York Times, Hochul has been resistant to taxing large corporations and the city’s wealthiest residents. However, she was more open to taxing luxury second-homeowners who do not pay state or city income taxes because their primary residences are outside New York.\n>\n> The tax will contribute towards combatting New York City’s fiscal deficit, which is estimated to stand at $5.4bn through the next fiscal year.\n>\n> Previous attempts to introduce a second-homes tax were quashed by powerful real estate developers, including as recently as 2019.\n>\n> _Sophia Sheera is a journalist in Novara Media’s social media team._\n>\n> * * *\n>\n> **From Novara Media via This RSS Feed.**",
  "title": "Mamdani Launches Tax on Second Homes Worth $5m or More"
}