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NYC’s Pied-a-Terre Tax List Sparks Debate | US News
New York City just unveiled a massive list of nearly 960,000 properties potentially liable for a new pied-a-terre tax—targeting high-value homes not used as primary residences—but only about 11,000 are expected to actually pay. The tax, effective July 1, hits homes over $5 million (or $1 million for condos/co-ops) owned as second homes, aiming to raise hundreds of millions annually. Celebrities like Woody Allen and Anna Wintour made the list, sparking privacy concerns and confusion—even city officials like Gale Brewer found their own homes misclassified. Though legally required for public…
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