Impact of NYC’s Pied-à-Terre Tax on Real Estate
By Miguel Mike Medina Photo Credit: Victor J. Blue/Bloomberg News New York’s tax on wealthy second-home owners is set to take effect. The “pied-a terre tax” got passed by New York City Mayor Zohran Mamdani. The plan targets homes worth over $5 million that are owned by people who don’t live in New York City. It’s…
