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NYC’s New Pied-à-Terre Tax Sparks Confusion | Albany News
New York City’s new pied-à-terre tax is stirring controversy as long-time homeowners—some with decades of residency—face surprise bills demanding proof they live in their luxury properties full-time. Targeting high-value properties over $5 million, the tax could bring in $500 million annually, but critics say the burden of proof is unfair and poorly implemented, especially when city records already show residency. Residents like a Brooklyn homeowner since 1973 are caught in the crosshairs, frustrated by bureaucratic demands that ignore their documented history. While officials say it’s…
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