06/01/2026
🚨 NEW NYC SECOND-HOME TAX ALERT 🚨
New York State has enacted the NYC Pied-à-Terre Surcharge, a new annual tax that may impact certain high-value homes, condominiums, and co-ops that are not used as a primary residence.
The law takes effect on July 1, 2026 and will be implemented in two phases through 2031.
If you own, invest in, or are considering purchasing luxury real estate in New York City, understanding how this new legislation could affect your property is essential.
Swipe through for a breakdown of who is affected, key dates, and important exemptions.
Questions about how this may impact your property or investment strategy? Contact The Sapir Team.