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

Tech Insider : Economy, Economy, Business
Gov. Kathy Hochul and New York Mayor Zohran Mamdani arrive for a press conference at Staten Island University Hospital Community Park on April 27, 2026 in New York City.
New York Governor Kathy Hochul and Mayor Zohran Mamdani joined forces to tax multimillion-dollar second homes.

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