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Wading through NYC’s messy pied-à-terre tax rollout
['Sheridan Wall', 'Mary Diduch', 'Sheridan Wall Mary Diduch']
New York - The Real Deal
New York City’s public rollout of a new, controversial tax on pieds-à-terre got off to a rocky start.
A spokesperson for the Department of Finance said the agency has so far sent 17,000 notices to property owners.
But that number is likely significantly overblown, as the data doesn’t distinguish between primary residences and second homes.
At a press conference on Wednesday, Mayor Zohran Mamdani said that only property owners who receive notices are the only ones potentially subject to the tax hike.
The platform estimates roughly 24,000 homes meet the value requirements for the tax, with nearly 8,000 of those being second homes, based on whether the property’s address matched the mailing address listed on the tax bill.