Would New York s Proposed Pied-à-Terre Tax Hit Apartment Owners With Multiple Units? mansionglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mansionglobal.com Daily Mail and Mail on Sunday newspapers.
What’s the Latest on New York’s Proposed Pied-a-Terre Tax?
The tax would apply to homes that are not a principal residence and are valued at more than $5 million By V.L. Hendrickson |
Save
Steppeua / Getty Images
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. What is the latest New York City pied-a-terre tax proposal and who could it affect?
A. A pied-à-terre tax is currently under consideration by the New York State Legislature that would affect real estate in cities with more than 1 million people.