New York City may add a tax on luxury second homes over $5 million. Here’s how the proposal works, who it affects, and what wealthy homeowners might do next.

A New York bill would let municipalities tax luxury second homes over $5 million to raise revenue and support year-round ...

Syracuse, N.Y. – Gov. Kathy Hochul and New York City Mayor Zohran Mamdani are backing a proposal to impose a tax surcharge on ...

Gov. Kathy Hochul is supporting a proposal to tax wealthy New Yorkers who own a second home outside NYC worth more than $5 million.

London’s battered luxury housing market is emerging as a cautionary tale for New York, as far-left Mayor Zohran Mamdani ...

New York City Mayor Zohran Mamdani celebrated a proposal to tax luxury second homes owned by the ultra-wealthy, a plan expected to generate at least $500 million annually. Earlier in the day, New York ...

New York City is considering a “pied-à-terre” tax on second homes worth more than $5 million, which is projected to raise ...

Here’s your 2026 guide to the best New York City luxury hotels, including essential tips on NYC hotel food and drink options, neighborhood feels and exclusive New York City hotel amenities. ByNoel ...

Even before it was completed, 32 Walker Street in Tribeca sparked serious interest from wealthy buyers—prompting units to fly ...

The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society and potentially ...