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NYC Mayor Launches Pied-à-Terre Tax, Sends Notices to 17,000 owners

7/30/2026

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Mamdani Launches Tax
  • New York City Mayor Zohran Mamdani launched a pied-à-terre tax on July 1 2026, mailing notices to about 17,000 owners.
  • The tax applies to non-primary homes over $5 million (houses) or $1 million (condos/co-ops) with rates 0.8%–6.5% and requires exemption requests by August 21 (houses/condos) or August 24 (co-ops).
  • City officials said 17,000 letters were sent and pledged help verifying primary-residence status.
  • Critics warn the public database could expose owners to privacy violations and intimidation.
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