Gov. Kathy Hochul, Zohran Mamdani Tax Billionaires’ NYC Second Homes
The long-awaited tax on billionaires’ second homes in New York City is now official. A joint proposal from Gov. Kathy Hochul and Mayor Zohran Mamdani to tax multimillion-dollar second homes has been incorporated into New York’s state budget, which was passed Wednesday, two months after it was initially due. That pied-à-terre tax targets homes worth … Read more