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- Indexed articles, last 90 days
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- Aug 5, 2026
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- Jul 13, 2026
Latest articles
Thousands seek NYC pied-a-terre tax relief, City Hall says (opens the original)
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Roughly 2,000 people have completed applications seeking an exemption from New York City's newly-implemented pied-à-terre tax, a spokesperson for the Department of Finance said Tuesday. The completed applications represent roughly 12% of the 17,000 notices mailed to New York City addresses since July 23rd informing property owners that they may be subject to the tax on high-end, non-primary residences. Overall, about 4,800 owners have at least started the application process to seek an exemption
Mamdani stands by pied-à-terre tax rollout despite backlash (opens the original)
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Mayor Zohran Mamdani defended the rollout of a new tax on highly valued second homes in New York City, saying only property owners who receive a letter from city officials will be impacted by the levy. Last week, the city's Department of Finance posted an assessment roll online that "includes, but is not limited to, those properties that may be subject to the surcharge." The document included the estimated market values of nearly 1 million residential properties, including hundreds of thousands
Wall Street's record profits boost NYC tax revenues (opens the original)
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A windfall in corporate profits for the country's largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls although not nearly enough to fund Mayor Zohran Mamdani's progressive agenda. Business tax revenue in June was about 50.9% higher than the same month in 2025, according to a report from New York City Comptroller Mark Levine's office. Total business tax revenues reached almost $11 billion this year through June, up 9.5% compared to last
NYC lawyers slam pied-a-terre tax (opens the original)
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Frustrated real estate lawyers are pleading with New York City officials for more details on how a new tax on luxury second homes is going to work ahead of the Aug. 30 deadline when owners will find out how much they have to pay. Several dozen real estate brokers and tax attorneys weighed in at a remote Department of Finance hearing Thursday, commenting on a bare-bones regulatory framework the city issued last month after the state enacted the new tax as part of its annual budget in late May. Th
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