"New York City's Wealthy Residents Face Pied-à-Terre Tax Crackdown: A list of high-end homeowners and renters has been released, sparking concerns about the city's new pied-à-terre tax. The annual list, compiled by the New York City Department of Finance, reveals the names and addresses of individuals who may be subject to the tax, which is aimed at reducing speculation in the city's luxury housing market. As the city's real estate market continues to soar, the pied-à-terre tax has been a contentious issue, with some arguing it will drive up costs for owners of secondary homes and others seeing it as a necessary measure to address affordability. CNN's Katherine Koretski has the latest on the list and what it means for New York City's high-end property owners."
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.
