Updated: 15 April 2026

Hochul Proposes Tax on N.Y.C. Second Homes That Are Worth $5 Million

15 April 2026

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Gov. Kathy Hochul, who has opposed raising some taxes, favored a “pied-à-terre” luxury tax because it largely targets the ultrawealthy who primarily live outside New York City.

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Hochul Proposes Tax on N.Y.C. Second Homes That Are Worth $5 Million

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