New York City is set to impose a pied-à-terre tax on fewer than 9,000 homeowners as officials review exemption requests, marking a shift in how secondary residences are taxed. The tax targets owners of out-of-state properties used primarily as vacation homes, aiming to generate additional revenue amid budget constraints. City Hall is now evaluating applications for exemptions, which could reduce the number of affected property owners. The policy change reflects broader efforts to address housing affordability and fiscal challenges in the city.
Fewer than 9,000 homeowners to pay NYC pied-à-terre tax as City Hall reviews exemption requests New York Daily News
