Long Islanders may face Mayor Mamdani's pied-à-terre tax
Thousands of Long Island taxpayers could be liable for a new pied-à-terre tax on high-value city homes, with over 17,000 warning letters sent to property owners. The tax targets non-primary residences valued at at least $1 million for condos and co-ops, or $5 million for houses, and aims to fund social programs by taxing affluent second home owners. Legal challenges and questions about residency and property valuation have emerged, with some owners, including public figures, disputing their liability amid ongoing legal and procedural disputes.
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