Submission statement: Gov. Hochul and Mayor Mamdani are working together to pass a “pied-á-terre” tax – a surcharge targeted towards second homes in New York City. The tax is interesting in a Democratic political environment that is focused on affordability and taxes that target the wealthy. Particularly among many of Mamdani’s supporters, who advocate for policies like rent control and wealth taxes.
Posted by TryNotToShootYoself
2 Comments
What if we had a tax on the unimproved value of land. I know it sounds crazy but it actually is inherently a tax on wealth and encourages development. Anyways if you need me I’m going to be on the phone with my lawyer because my wife left me.
What counts as a “primary resident”? Meaning how long does one need to live in NYC to “Live there full time”?
If i live in two different places equally throughout the year, would i not be a resident of both technically?