"New Yorkers with second homes in the city may be facing an unexpected tax bill. The New York City Department of Finance has released its annual list of properties that could be subject to the city's new pied-à-terre tax, a levy aimed at wealthy individuals who own multiple homes in the city. The tax, which was introduced in 2022, targets properties valued at over $5 million, with owners facing a 2.05% annual tax on the value of their secondary homes. As CNN's Katherine Koretski reports, the list of affected properties is now public, and owners of these high-end homes are likely to be bracing themselves for the financial impact."
The New York City Department of Finance released its annual list of names and addresses that may be subject to the new pied-à-terre tax. CNN’s Katherine Koretski reports.
