pied-à-terre

One lawsuit alleges the Mamdani administration botched the rollout of the pied-à-terre tax, while city lawyers argue they followed the law.

From The Wall Street Journal ● Sep. 3, 2026

New York City Mayor Zohran Mamdani’s administration defended the launch of its new pied-à-terre tax in a legal filing Tuesday while acknowledging the rollout created confusion among some property owners.

From The Wall Street Journal ● Aug. 25, 2026

Beverly Solo, a New York City resident of 44 years - who wore a shirt saying "Tax The Rich" - said the pied-à-terre measure could raise important money for city services.

From BBC ● Aug. 21, 2026

Haber said he believes the loss of tax revenue from fewer people purchasing pricey homes in New York would offset the effects of the pied-à-terre tax.

From BBC ● Aug. 21, 2026

Then, too, he expressed a wish for a pied-à-terre in the city, and as Mary had very tender associations with the little studio she was glad to think of keeping it.

From The Nest Builder by Beatrice Forbes-Robertson Hale

As noted by the Wall Street Journal, the tax would “target wealthy individuals who own these pieds-à-terre but primarily live outside the city” and is aimed at closing the city’s $12 billion annual budget gap.

From MarketWatch ● May 1, 2026

Some agents expect their clients shopping for pieds-à-terre will begin hunting for homes specifically below $5 million, undercutting any efforts to raise new revenue.

From The Wall Street Journal ● Apr. 16, 2026

Hochul says the measure would raise $500 million a year by taxing pieds-à-terre and help close a $12 billion New York City budget gap.

From The Wall Street Journal ● Apr. 15, 2026

“There’s a high percentage of foreign money, a lot of pieds-à-terre and a lot of investors who use it for rentals.”

From New York Times ● Sep. 14, 2016

What is more, Mr. Parrott said, the skyrocketing prices of the pieds-à-terre are affecting the price of real estate in the city more broadly.

From New York Times ● Feb. 7, 2015