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Pied-à-Terre Tax Explained | Real Estate News
The city’s pied-à-terre tax is officially live, with notices going out by August 30th — and it’s got some big changes. Co-op units are still valued under state law, no extension for residency appeals, and proof of residency just got easier for spouses, renters, and subletters — though tax returns remain the gold standard. The city’s cracking down on fake leases, and the Times backs the tax as fair and low-impact. Meanwhile, Comptroller Levine warns the rent freeze is worsening the housing crisis, while Mayor Mamdani unveils 50 new small business support measures. Listen in comfort:Get a…
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