Pied-à-terre tax twist: Primary resident hit with $47K surcharge
Jason B. wasn’t too worried when the Department of Finance told him the pied-à-terre tax on his Park Slope row house would be $47,504. It’s a mistake, he thought, and he would just prove it’s his full-time residence. Even when he was confused by the exemption application, he didn’t fret. Mayor Zohran Mamdani, whom Jason had voted for, had said the tax would only hit non-New Yorkers who kept luxury crash pads in the city. Jason lived in a home his family had owned since 1976. “I couldn’t understand the application process,” Jason said. “But I was just like, ‘I […]
This article originally appeared on The Real Deal. Click here to read the full story.
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