New York City may add a tax on luxury second homes over $5 million. Here’s how the proposal works, who it affects, and what ...

A proposed annual surcharge on second homes valued at $5 million or more has united the governor and mayor, while leaving ...

The proposed levy would apply to high-end apartments, condos, co-ops, and townhouses that aren’t used as primary residences ...

Gov. Kathy Hochul is supporting a proposal to tax wealthy New Yorkers who own a second home outside NYC worth more than $5 ...

New York City Mayor Zohran Mamdani appears to have won his first significant concession from Gov. Kathy Hochul in the ...

The proposed tax affects residents who own a secondary property in New York City valued at over $5 million but live elsewhere ...

NYC Mayor Zohran Mamdani celebrates Gov. Hochul's proposed tax on ultra-wealthy owners of luxury second homes, expected to ...

Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York ...

With a new tax proposal, the threat of a building workers’ strike and Mayor Zohran Mamdani’s shunning of the Met Gala, the ...

Kathy Hochul said the tax ensures ultrawealthy nonresidents fund NYC services while not affecting residents and easing budget ...

Gov. Kathy Hochul wants New York City to tax luxury second homes worth more than $5 million to raise $500 million a year.

Zohran Mamdani said the measure is targeted at luxury secondary homes in New York City valued at $5 million or more that are ...