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Pied-à-terre proposal is “feel-good tax,” says Freedman #shorts #hochul #mamdani #tax #nyc
Bloomberg Television· 2026-05-11 22:53
This is not going to be an easy tax to implement. Think about co-ops. That's one tax slot.How are you going to implement that with co-ops. So, there's a lot of complications that I think people need to think about. We need complete property tax reform because our market is based off of assessed value.And so, it's not market value. So, if they're going to market value the 5 million and above, who's going to assess those numbers. How are they deriving that market value.It's just it's super complicated. It's n ...