New Tax Proposed For NYC Properties—What To Know

Governor Kathy Hochul is proposing additional taxes on New York City homeowners with second homes worth $5 million or more.

Tax foe Bruce Blakeman voted to boost property taxes on Long Island, twice

Blakeman has mounted a right-wing challenge to Gov. Hochul, and is facing an uphill battle. He consistently trails Hochul by double digits in the polls, was denied millions late last month in matching ...

Hochul pushes NYC tax on luxury second homes to raise revenue

Gov. Kathy Hochul wants New York City to tax luxury second homes worth more than $5 million to raise $500 million a year.

Mamdani, Hochul Propose Tax on New York Second Homes Worth More Than $5 Million

NEW YORK, April 15 (Reuters) - New ⁠York ⁠State Governor Kathy Hochul ⁠proposed on Wednesday a new tax on second homes ​worth over $5 million that was backed by New York Mayor Zohran Mamdani.