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Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
['Eric Berger']
The Guardian
Eisner added: “I don’t think a lot of the typical concerns about migration are concerns when it comes to the pied-à-terre tax.
“A tax on a second home is, in most cases, a tax on a luxury.”
Still, Mamdani may have suffered a political setback because of how the city informed the public about their potential tax liability.
The Staten Island borough president, Vito Fossella, a Republican, reacted to the list by saying: “This is more like Havana than New York City.”
The local government regularly releases it as part of its property tax assessment role.