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NYC pied-à-terre tax could raise than Hochul's $500M estimate, report finds
4+ mon, 1+ week ago (828+ words) Credit: Andy on Unsplash These secondary homes, also known as pieds-à-terre, are typically occupied by part-time residents who stay in the city while working or visiting. Last month, Hochul proposed an annual tax on non-primary residences after resisting calls from…...
Hochul proposes pied-à-terre tax on NYC second homes worth over $5M
4+ mon, 3+ week ago (676+ words) Homeowners who do not live or work full-time in New York City do not pay income taxes, limiting their contributions to public services, including fire and police departments, sanitation, parks, and transit systems. According to Hochul, the new pied-à-terre tax…...