New York State Lawmakers Take Aim at Second Homes in the Empire State. A proposal to tax second homes in New York City is set to expand beyond the Big Apple, with an Albany-area lawmaker pushing to apply the pied-à-terre tax to upstate properties as well. The move is aimed at addressing concerns over the prevalence of second homes in popular upstate destinations like the Hamptons and Lake George, which drive up housing costs and property values for local residents. If passed, the expanded tax would target wealthy individuals who own multiple homes in the state, generating revenue for local communities and helping to make housing more affordable for full-time residents.
An Albany-area lawmaker wants to expand the proposed pied-à-terre tax for New York City second homes to upstate.
