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NYC Lawyers Slam Pied-a-Terre Tax as a 'Half-Baked Money Grab'
News July 10, 2026 at 01:26 PM
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What You Need To Know
- The new tax is being implemented rapidly in part to generate revenue to balance the city’s budget.
- City Comptroller Mark Levine estimates the tax will ultimately affect roughly 11,000 properties, just 515 of which would be co-ops.
- The tax will be administered in two phases.
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