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Kathy Hochul Finds a Way to Tax the Rich

The governor is proposing a surcharge on the second homes of the ultrawealthy. Both Mayor Mamdani and Speaker Menin are in ...

Hochul dragged for flip-flopping on taxes pledge as Mamdani, DSA cronies take credit for pied-à-terre hike on rich NYC homeowners

Gov. Kathy Hochul was dragged by critics for her sudden pied-à-terre tax push — including for backtracking on her no new ...
Gothamist

Hochul floats tax on NYC second homes worth $5M or more

The proposal targets luxury pied-à-terre properties, which could raise $500 million as state budget talks run weeks late.
Gothamist

How Hochul and Mamdani forged a compromise over taxing the rich

When Mayor Zohran Mamdani endorsed Gov. Kathy Hochul in February, some on the left expressed shock and frustration. To them, the mayor had given away his greatest source of leverage in pushing the ...

5 Things to Know About New York’s Proposed Second Home Tax

Gov. Kathy Hochul wants to tax second homes in New York City that are worth $5 million or more. Here’s how the proposal might ...

NYC pied-à-terre tax: What to know about Hochul's proposal for second homes worth $5 million or more

Kathy Hochul on Tuesday proposed an annual tax on mostly vacant luxury homes owned by New York City’s wealthiest nonresidents ...