Taxes August 19, 2026
New York City Council Outraged by Mamdani Administration’s No Show at Pied-à-Terre Hearing
The Mamdani administration was accused by City Council members of putting a “scarlet letter” on homeowners facing the extra surcharge.
Taxes August 19, 2026
The Mamdani administration was accused by City Council members of putting a “scarlet letter” on homeowners facing the extra surcharge.
Taxes August 18, 2026
The move is coming under fire from local reps as it allows administration officials to dodge critical questions about the controversial surcharge.
Taxes August 12, 2026
President Donald Trump on Tuesday vowed to seek a way to block New York City Mayor Zohran Mamdani’s planned pied-à-terre tax, calling it a “dangerous political experiment.”
Taxes August 7, 2026
The lawsuit, filed Friday, argues the city “has arbitrarily and capriciously foisted” on city dwellers the responsibility of proving they’re full-time residents who shouldn’t be hit with the surcharge.
Taxes August 4, 2026
The tax targets secondary homes of non-resident New Yorkers worth more than $5 million. The city sent letters to 17,000 homeowners indicating they might be subject to the tax.
Taxes August 3, 2026
Around 2,000 people have filed for an exemption to the New York City pied-à-terre tax—and 4,800 more have at least started the process amid the new levy’s controversial rollout, City Hall said Monday.
Taxes July 29, 2026
New York City Mayor Zohran Mamdani said Wednesday the city is working to ensure that only those whose legal residence is outside of the Big Apple are taxed.
Taxes July 27, 2026
The post on X from New York City Mayor Zohran Mamdani garnered nearly 14 million views by Friday and prompted a wave of opposition from critics who say the tax could accelerate the departure of wealthy residents from the city.
Taxes July 24, 2026
New York City has begun mailing notices to property owners who may be subject to a proposed tax on second homes, a measure aimed at generating revenue from residents who maintain city properties while mainly living elsewhere.
Taxes May 15, 2026
The new tax, which would assess a surcharge of 1% of the sale price for city homes purchased in cash for at least $1 million, is expected to generate $160 million annually.
Taxes May 11, 2026
Gov. Kathy Hochul announced a handshake deal Thursday on a $268 billion state budget that includes a controversial pied-à-terre tax on second homes in New York City aimed at bringing more money to city coffers.
Taxes May 6, 2026
Ken Griffin said he plans to make Citadel’s Miami tower even bigger after New York Mayor Zohran Mamdani name-checked the billionaire in his pledge to charge more taxes on second homes.