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

Gov. Kathy Hochul, who has opposed raising taxes, favored a “pied-à-terre” luxury tax because it lar...

LATEST NEWS April 15, 2026

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

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

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

Author: The New York Times

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