https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani--governor-hochul-announce-state-s-first-pied-a-terNEW YORK – Today, Mayor Zohran Kwame Mamdani and Governor Kathy Hochul announced the proposal of the state’s first pied-à-terre tax, a major step toward closing New York City’s budget gap while protecting the public services working New Yorkers rely on.The pied-à-terre tax — supported by 93% of New Yorkers — will levy an annual surcharge on one to three family homes, condominiums and co-ops valued above $5 million when owners have a separate primary residence outside of New York City. While leaders from multiple mayoral administrations have proposed similar measures for more than a decade, this policy marks the first time such a tax will be enacted in New York State.The measure targets ultrawealthy out-of-city residents and global elites who use New York City real estate as a vehicle for wealth storage rather than as homes. It is projected to generate $500 million in annual revenue, including from some of the most expensive residences in the country — from billionaire Ken Griffith’s $238 million penthouse in Midtown, at one time the most expensive home sold in the United States, to Russian auto-dealer Alexander Varshavsky’s $20.5M property (purchased in cash), and thousands more owned by foreign oligarchs and the global ultrarich.
“Thanks to the support of Governor Hochul, we are one step closer to balancing our budget by taxing the ultra-wealthy and global elites with a pied-à-terre tax — the first of its kind in our state. Alongside the governor, our administration is fighting every day to make sure we address this fiscal deficit fairly, where the wealthy contribute what they owe and our budget reflects our commitment to the working New Yorkers being priced out of our city,” said Mayor Zohran Mamdani. “New York City is the greatest city in the world, and the people who call it home should not be left carrying the burden alone. As Governor, I understand the importance of stabilizing the city’s finances without compromising on essential services New Yorkers count on. If you can afford a $5 million second home that sits empty most of the year, you can afford to contribute like every other New Yorker,” said Governor Kathy Hochul.
>>1506572>“Thanks to the support of Governor Hochul,This Hochul? https://www.skynews.com.au/world-news/united-states/kathy-hochul-humiliatingly-begs-new-yorks-richest-to-return-after-fleeing-mamdanis-high-taxes/video/10d35bcc1558dd7adfc2a8840129e9ee
>>1506574LMAO COMMIES BTFO fuck leftism. MAGA
>>1506576will you ever post legitimate news sources or stop talking to yourself, esl shill?
>>1506577NTAhttps://www.youtube.com/shorts/hmQo7Db1YQ0
>>1506574>>1506576It's weird how these miggers try to defend billionaires with multiple homes. Are you people billionaires? No? Then why do you care if they pay more taxes?
>>1506578>@FinancialGuysMedia>https://financialguysmedia.com/>Broadcasting arm of The Financial Guys, a Buffalo-based financial firm, delivering bold conservative commentary at the crossroads of money, politics, and community. What began as a radio show is now a fast-growing podcast network featuring weekly episodes, exclusive interviews, and no-nonsense takes from hosts Mike Lomas, Glenn Wiggle, Mike Hoeflich, and Mike Sperrazza. Tired of mainstream spin? So are we—follow us for the truth they won’t tell youkek you poor deluded bastard
>>1506579They unironically think the wealth is going to trickle down lmao
>>1506579>miggersIs this some sort of new reddit term?>Are you people billionaires? No? Then why do you care if they pay more taxes?Because it's hilarious watching you dirty leftists simultaneously cheer about how much you hate rich people, don't need them, want them gone, and will tax them out of your state AT THE SAME TIME begging them to come back to your state so they can help pay for dem social programs.Do you not appreciate the irony?
>>1506580>post direct quotes of Hochul contradicting herself>y-yeah well I don't like your source so it doesn't count!Cope harder, faggot.
>>1506582>>1506584>>1506582>>1506584we get it anon, you love slurping billionaire dick. please don't talk with your mouth full of it
>>1506574>Murdoch >Using a far right foreign propaganda outletMeanwhile, if the rich stay, they get properly taxed. If the rich leaves, it means their mansions can be leveled to make room for cheaper housing for everyone.Win-win for New York.
>>1506579Are you retarded? Rightoids are not defending Democrat billionaires in NY, they're mocking the idea because it's retarded. 5 million dollars is not a lot of money. Single family homes in expensive areas of my city are at least 1.5-2 million. This basically targets every single residential property in all of NYC. Also, notice how they didn't go after any of the commercial property, which is significantly more expensive
>>1506586>their mansions can be leveled to make room for cheaper housing for everyone.You mean sold to chase bank and other corporations that won't pay any tax
>>1506586>waaaaaahhhh I don't like your sourceDid Hochul say that shit? Yes or no.
>>1506587Does it hurt being as stupid as you are? Everything you said was wrong
>>1506579>>1506581Like tRump, they're into golden showers. Unlike tRump, they can't afford to hire high class hookers, so they get their dogs too urinate on them
>>1506587>Single family homes in expensive areas of my city are at least 1.5-2 millionMy god... That's at least 3 million beneath the threshold of the tax... We have to stop this guy...
>>1506571This is a good idea. If these rich assholes (because they don’t want to pay taxes) decide they need to sell these properties and leave then that’s perfectly fine, it will free up real estate and reduce property values via lowering demand. And if they stay they have to pay for the privilege of keeping empty houses in the city. All good, very uncontroversial
>>1506587>This basically targets every single residential property in all of NYC.No it doesn’t you complete and utter idiot. The tax is on people who aren’t locals, these people have multiple homes and don’t live in the city they use these properties as holiday homes
>>1506576'Mamdani is a very rational man' -TrumpSo either (check one):[ ] Trump is right about Mamdani, therefore your opinions are wrong[ ] Disagree with Trump saying that, and your opinions are wrongChoose wisely, MAGAtard.
>>1506607>This is a good ideaYeah, sure, if youre a tranny
>>1506623Its called the Art of the Deal retard. He was just being friendly, as to form a better foundation for negotiations and deal making.
>>1506635You don’t make sense
>>1506589Clearly it's AI. Just like trump pretending he's jesus. BTW he just gutted funding to catholic charities because the pope saying you shouldn't be a war monger and pro genocide triggers him.>>1506588Then they get to pay the Pied-à-Terre Tax which is what OP is about. Win-win for NYC again.
>>1506641So Trump was lying when he said that?
>Art of the Fail>and 1506641's credibility crumbles to dust due to being a Trump cultist with wrong opinionsYou have chosen... poorly
>>1506602Zero reading comprehension ESL.>>1506609How does it differentiate that in the bill?
>>1506641>He was just being friendly>justJust like you're lying.Just as Trump lied about writing "The Art of the Deal" when he's functionally illiterate, and was actually written by Tony Schwartz.Liars & hypocrites don't have the right to be listened to. Only retards are liars & hypocrites, thus making them subhumans.
>>1506646>Trump gives a compliment during a meeting with the man>Therefore that singular statement should be applied to all policy going forwardAre you the kind of retard that thinks the Star Spangled Banner is national policy?
>>1506641>form a better foundation for negotiations and deal makingThat aged wellThus either (check one):[ ] Trump must continually say that Mamdani is superior to him, to maintain that foundation: one which is as solid as quicksand for you & Trump, credibility-wise[ ] 'Art of the Deal' is nothing more than the first word with the letter 'F' omitted, and has no credibility (and has failed time & again: from all the failed businesses, to folding like a lawn chair re. Hormuz & becoming Iran's bitch)Choose wisely.
>>1506641>Art of the DealTrump didn't even write that book. It was written by a jewish guy named Schwartz.
>>1506666>being a MAGAtYou are that kind of retard
>>1506677>Jeet shill thinking he can talk shit to anyone
>>1506571>Extra taxes on ultra expensive homes for out of state residents >MAGA howlsIts crazy how well Israel has those retards trained
>>1506680Because it won't work, rich people are fleeing Jew York in droves. The people who pay the majority of taxes are gone to red states where they won't be squeezed by the government. All the tax money you get from extorting people for owning multiple properties won't even cover 10% of the tax income that has left the state
>>1506683>It won't work, just surrender to the billionairesFuck off.The rich are parasites, this is a good way to make sure they pay their fair share. If they want to move out of the city, they don't deserve to own anything in it then.
>>1506683>Thinks the rich would rather deal with the sheer inconvenience of moving to fuckass texas than pay slightly more
>>1506686Tariffs are already bringing in trillions and you're still obsessed with raising taxes on successful people lmao. Good job stifling innovation or any incentive to work hard.
>the retard Trump cultist that is 1506679 can't think
Just remember that the year with record breaking amounts of millionaires in NYC is whatever year it currently is. This record was broken by the record set by the previous year. Repeat this for every year in living memory.
>Jeet shillAnd >>1506679 the MAGAtard can't talk due to projecting too much.
>>1506683>rich people are fleeing Jew York in drovesWell they already aren't actually living in New York so what's the problem? Keep taxing them
>>1506690Nice fan fic
>>1506752If they are subject to the tax Mamdani announced today, you're not taxing them, because they are out of state, you're only taxing their properties. What this will cause, over time, is a degradation of your tax base as people stop investing, new properties stop being built, and you have less properties to tax. The dude he refrenced in the video - with the $250 million apartment - is already paying $1.9 million per year in property taxes. I would say $1.9 million is more than a "fair share" for someone who doesnt live in the city and thus rarely, if ever, uses public resources. But you know, this isnt about a better society or whatever, its about theater kids being angry that there are people who are better than them (in every conceivable way). >Mamdani's loser wife, a "graphic designer" made $10k last year.
>>1506832If you're successful and don't give back anything to the community, you should be taxed into oblivion >Also attacking Mamdani's wifeThe Epstein class pedo's mask falls off at the end.
>>1506834>dont give back anything to the community First, he gives back $1.9 million per year. Second, what entitles you to the fruits of his labor? Third, Mamdani's wife is a fucking loser, Mamdani is equally a loser because the only job he has worked earns him $4,000 per year. This whole politique is the politics of resentment. >Oh a bloo bloo I'm the descendant middle class I'm mad that people are better than me and earn more money than me
>>1506837you're literally a shill, anon. why so haughty?
>>1506838Pointing out that his policies are idiotic and generally driven by resentment is not shilling, its just pointing out the obvious.>the evil billionaire who doesn't even live here gives us $1.9 million per year! what an ANIMAL! we're going to tax him!
>>1506838>why so haughty?Because Mamdani may be impressive to you, but to me his nothing more than a loser theater kid with a trust fund and a chip on his shoulder.
>>1506839>>1506840i'm not saying he's impressive, i'm saying you're even less impressive by a sizable chasm of a margin
>>1506623I hope trump exterminates you, but i also like mamdami's policies I hope he also exterminates you, its not the win you think it is retard mamdami is closer to the maga/liberal then democrats.
>>1506855god you're esl
>>1506837>Epstein class shill is actually an incel tooLMAOYour masters deserved to be taxed to oblivion.
>>1506832The $1.9m property tax will be picked up by the new owners who will live there and we’ll be where we are yesterday but the people who live in the house will be local New Yorkers
>>1506663>when owners have a separate primary residence outside of New York CityLike this. So it won’t apply to people who primarily reside in NYC and own multiple properties wherever. It’s designed to make people pay who own property in NYC but don’t live in NYC, think of someone who lives and works in LA and also owns a townhouse in Manhattan which they only use when they come to NY. The idea is to disincentivise people who aren’t living in NYC from hoarding properties which could potentially be inhabited by local NYC people rather than left empty and treated like holiday homes
>>1506666I think it’s clear that nothing Trump says can be taken as honest
>>1506855>mamdami is closer to the maga/liberal then democrats>thenMamdani is closer to Democrats than you, migger shill that's already being politically exterminated since late last year.You've destroyed yourself by admitting that you're educationally inferior.
>>1506623>NY drags Trump to court numerous times>they elect a gay race communist>Trump sees him as a poison pill that will kill NYC for good, dems act retarded and think Trump unironically praises mamdani
>>1506875what about him is democrat lol? you're a retard who thinks liberals = democrats. the majority of the liberal block voted for trump dipshit.he's going to play ball with trump because their aligned, you are going to suffer and be imprisoned and i'll be here smiling when you're another headline
>>1506875>Mamdani is closer to Democrats than you,wow real tough bar,
>>1506878>>1506879Nice fanfic, samefag
>>1506878>Mamdani is a socialist Democrat, he's going to ruin the country!>*enacts policies that redistribute wealth away from ultra-rich psychopaths, the exact opposite of right wing tax policies.*>Er... Actually, I mean he's basically just a maga republican. And Trump is a Christian! That'll make you hate him, right?No you fucking brainlet, we're not fucking stupid enough to believe something because some fucking dumbass says so. I bet you think Trump is a devout Christian.You're a simpleton and a disgrace.
>>1506579You think lefty commies are going to stop with the billionaires? You fool!They're literal Nazis who will devour any and all wealth for their personal gain
>>1506841(((You))) sound jealous!
>>1506868>but the people who live in the house will be local New YorkerAnd don't forget, they put more money into the economy because they'll buy from local businesses.New York Remains winning.
>>1506900>>Mamdani is a socialist Democrat, he's going to ruin the country!gotta love when a retard can't read and makes up imginary quotes as If i said them.He's not a socialist democrat hence why i said he's closer to a liberal magayou're probably the same sort of retard who if a leftist put out a tariff tax you'd be celebrating because lol it's taxing the big corporations but do a 180 when its trump
>>1506966Gotta love an egomanical retard who thinks I'm quoting him specifically and not just dismissing right wing rhetoric in general.>He's not a socialist democrat hence why i said he's closer to a liberal maga.I think you're confusing libertarian with liberal. Those are different things dipshit, practice your English.>you're probably the same sort ofNo, I think retaliatory tariffs are fucking stupid no matter who proposes them. Project harder with those shitty orange balls in your mouth.You are the kind of right wing retards that tells me what my position "probably" is, because you're incapable of arguing with anything but a strawman. Fuck you fascist pedophile enabler.
>>1506966you don't even understand contractions, esl shill. why do you think we're taking anything you say seriously
>>1506969you sound like a highschool dropoutinb4 esl esl screeching>>1506970see knew it
>>1506979don't get mad at me, shill, you're the one who needs an english tutor
How long ago did the right become the SJWs screeching about nazis? >>1506901
I'd like to understand the mindspace of someone who thinks this is a bad thing.What's your reasoning against this, unless you yourself are a greedy ultra rich billionaire perhaps.People who don't even live in the city pay more taxes for the benefit of people who do. Not to mention I have my doubts this will financially hurt them in the slightest.
>>1506984MAGA retards have always been thin skinned victims.
>>1506574>Sky News AustraliaHoly shit fuck off.
>>1506571>The pied-à-terre tax — supported by 93% of New YorkersSeems like New Yorkers really like the idea.Leave it to the shills to try to make something controversial when 93% of voters love it.
>>1507066It's because the people this affects literally don't live in new york. If they sell their property it would benefit the city as a whole by having valuable apartments and homes not literally be sitting around being fucking empty.
>>1507073I feel like it would be hard to get 93% support for a policy that tap water should be drinkable.It really can't be overstated how significant that level of support is.
>>1506571the actual reason they're doing this is to make up for the fact that a lot of rich people who "live" in NYC make sure to have their legal residence somewhere else to avoid NYC's taxes. Now the rich will pay taxes either way unless they completely leave the city.>>1507073>>1506586>if the rich leave, it will make room for more immigrantsFTFY. If NYC actually cared about affordable housing they would stop voting for unlimited immigration.>>1506582migger is a /pol/ term to mock MIGA cultists' blind worship of Israel.
>>1507103>stop voting for unlimited immigrationoh, its schizo time
>>1507073The city still collects property tax from it. I've got need for you, theyrenot going to tear down a 200 million dollar penthouse and fill it with homeless people >>1507074The number is made up, retard
>>1507108>The city still collects property tax from it.And now they'll either be collecting a lot more from it or having it be owned by someone who actually lives and spends money within the city itself.
>>1507103NYC doesn’t have any control over migration, that’s a federal issue and it doesn’t really have anything to do with these empty billionaire homes
>>1507103>Still trying the immigrant fear mongering as the rich crash the economyLMAO, people are figuring out the textbook lies of the epstein class.
>>1507108>The number is made up, retardIf you know that to be true, tell us the real number and where you got it from?
>>1507121>NYC doesn't have any control over presidential electionslol>NYC doesn't have any control over the House of Representativeslmao>NYC doesn't have any control over the Senatelmao obviously we already know that the /news/ leftists are non-American teenagers but you could at least learn something about American politics before you post here.>>1507124>Still trying to point out basic economics as the rich manipulate leftists to crash wages and increase housing costsyes. But keep simping for the rich by supporting the mass immigration that benefits them while making you worse off.
