New York's tax on wealthy second-home owners is going into effect. Here's how the pied-à-terre tax will work.

· businessinsider.com

A new tax will officially hit ultrawealthy property owners with crash pads or vacation homes in New York City.

The long-awaited tax on billionaires' second homes in New York City is now official.

A joint proposal from Gov. Kathy Hochul and Mayor Zohran Mamdani to tax mu...


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