NYC mayor proposes new tax on luxury second homes over $5 million
New York City Mayor Zohran Mamdani has proposed a pied-à-terre tax on luxury secondary homes worth more than $5 million. The plan would target homes that are not owner-occupied...
Why it matters: New York City Mayor Zohran Mamdani has proposed a pied-à-terre tax on luxury secondary homes worth more than $5 million. The plan would target homes that are not owner-occupied...