New York City may add a tax on luxury second homes over $5 million. Here’s how the proposal works, who it affects, and what wealthy homeowners might do next.

Luxury home levy: A new pied-à-terre tax would target NYC second homes worth $5 million or more, raising an estimated $500 ...

Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.

Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York valued at over $5 million.

New York City Mayor Zohran Mamdani celebrated a proposal to tax luxury second homes owned by the ultra-wealthy, a plan expected to generate at least $500 million annually. Earlier in the day, New York ...

In the Hamptons, New York’s 50-mile stretch of communities on Long Island’s South Fork, is the coastal hamlet of Bridgehampton. The enclave boasts the state’s priciest residential real estate, with a ...

New York lawmakers are considering extending a luxury second-home tax, long debated in New York City, to municipalities statewide. State Sen. Patricia Fahy’s bill would let local governments levy a ...