New York state lawmakers are expected to place a new tax on luxury second homes in New York City, appeasing Mayor Zohran ...

Syracuse, N.Y. – Gov. Kathy Hochul and New York City Mayor Zohran Mamdani are backing a proposal to impose a tax surcharge on ...

New York City may add a tax on luxury second homes over $5 million. Here’s how the proposal works, who it affects, and what wealthy homeowners might do next.

New York City Mayor Zohran Mamdani celebrated a proposal to tax luxury second homes owned by the ultra-wealthy, a plan expected to generate at least $500 million annually. Earlier in the day, New York ...

New York State has reached a $268 billion budget agreement that introduces a new tax surcharge on high-value second homes in New York City, a move with broad implications for the city's luxury real ...

New York City plans to impose a tax on luxury second homes valued over $5 million as part of Governor Kathy Hochul's budget ...

What’s in the deal: The tentative $268 billion budget includes a pied-à-terre tax on NYC second homes worth over $5 million, expected to generate $500 million annually. Political tensions rise: ...

Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York valued at over $5 million.

A New York bill would let municipalities tax luxury second homes over $5 million to raise revenue and support year-round ...