Mamdani stubbornly insists pied-à-terre tax will raise $500M — even as NYC winnows number of properties getting hit
Mayor Zohran Mamdani is still confident New York City’s new tax on high-value second homes will generate about $500 million a year, even as the city has begun clearing thousands of properties that were initially flagged as potentially subject to the surcharge.
2 across the spectrum. Choose a side on the bar to jump to it.
National story. 2 articles from 2 sources. Updated Aug 26, 2026.
How each side is putting it
Left
1 sourceNYC whittling down pied-à-terre tax pool as Mamdani remains confident $500 million in annual revenue will be generated
Center
0 sourcesNo Center coverage yet.
A blind spot on this side of the story.
Right
1 sourceMamdani stubbornly insists pied-à-terre tax will raise $500M — even as NYC winnows number of properties getting hit