New York City residents may soon find themselves facing a new tax bill, as the Mamdani administration has released a list of properties that could be subject to the city's highly contested pied-à-terre tax. The tax, aimed at targeting wealthy New Yorkers who own multiple homes in the city, has been a topic of heated debate among lawmakers and property owners alike. According to the list, which includes the names and addresses of affected residents, over 18,000 properties are being targeted, with owners potentially facing a new annual tax of up to 2.5% of the home's value. As the city looks to increase revenue and address its growing budget deficit, the pied-à-terre tax has become a contentious issue, with some arguing it will unfairly target long-time residents and others seeing it as a necessary step to address the city's affordability crisis.
Mamdani administration releases names, addresses of NYC residents who ‘may’ be hit with pied-à-terre tax SILive.com
