New York's abandoned 2019 pied-à-terre tax
Gov. Andrew Cuomo proposed a pied-à-terre tax on non-primary homes over $5 million to fund subway repairs. Developers and luxury brokers mounted fierce opposition, warning the surcharge would drive wealthy buyers away.
The proposal was dropped from the budget within months.
It set a precedent that taxing pieds-à-terre in New York draws intense and organized resistance.
The 2026 tax revives the same policy with similar thresholds. New York is now testing whether enforcement mechanics, not just the policy idea, can survive court scrutiny.
