‘A home run’ for Mamdani politically: NYC mayor backs tax on luxury second homes in NYC

New York City Mayor Zoran Mamdani is backing a new plan to tax some of the city's richest residents. When I ran for mayor, I said I was going to tax the rich. Today, we're taxing the rich.I'm thrilled to announce we've secured a pie-de-terre tax, the first in New York's history. This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffith bought for $238 million.This pie-de-terre tax is speci ...