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Governor Hochul Announces Pied-a-terre Tax Proposal for Luxury Second Homes Valued at $5 Million or More
April 15, 2026
ALBANY, New York, April 15 -- Gov. Kathy Hochul, D-New York, issued the following news release:

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Governor Hochul Announces Pied-a-terre Tax Proposal for Luxury Second Homes Valued at $5 Million or More

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Governor Kathy Hochul today proposed a pied-a-terre tax to support Mayor Zohran Mamdani's efforts to close New York City's budget gap. The proposal targets luxury second homes in New York City valued at $5 million or more, allowi . . .

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