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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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