Hochul, Mamdani push pied-a-terre tax on pricey second NYC homes
- Thread starter livingston
- Start date
Bustedknees
12-gauge slug (smooth bore)
This will turn into anyone that owns a second home statewide tax.
Not that I have ANY support for Hochul or Mamdani, but....As I understand it, there are a LOT of Apartments and Buildings owned by outside interests that neither live in them (or elsewhere in the City) as well as Buildings, probably Houses too...I forget the reason why, but it's about money, it's always about money.
Beerman
6.5 Creedmoor
If you owned property in a land fill, would YOU live there? Rhetorical question.
Somebody would build a house on it if they think they can get away with it....between the landfill and NYC, well I do enjoy shooting rats.
C3D
.338 Win Mag
Something I don't say lightly, but probably unconstitutional. A property tax based on being a non-resident runs afoul of the equal protection and privileges and immunities clauses.
NY would never pass an unconstitutional law.
NY would never pass an unconstitutional law.
livingston
20×102mm Vulcan
Lake front property will be next folks ...
Bigfoot
.475 A&M Magnum
Over time, the New York government will eventually include owned/financed/leased/ vehicles in the property tax equation.
Meh, I'm just joking, well, sort of joking, but maybe not, IDK.
Somebody has to pay for the housing/feeding/and the daily needs/of all the sanctuary state illegal turd world invaders. They're Hochul's people after all, and there are even more of her illegal turd worlders on their way here to NY as I'm typing this.
And the NY taxpayers are Hochul's tool to make the life of illegals, ah fuck it.
There is only one correct answer. I need to get out of New York.
Meh, I'm just joking, well, sort of joking, but maybe not, IDK.
Somebody has to pay for the housing/feeding/and the daily needs/of all the sanctuary state illegal turd world invaders. They're Hochul's people after all, and there are even more of her illegal turd worlders on their way here to NY as I'm typing this.
And the NY taxpayers are Hochul's tool to make the life of illegals, ah fuck it.
There is only one correct answer. I need to get out of New York.
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livingston
20×102mm Vulcan
I thought Colorado has this . A yearly tax on a vehicles worth
Yes, Colorado imposes an annual Specific Ownership Tax (SOT) on vehicles, which is a form of personal property tax based on the vehicle's original value (MSRP) and age. This tax is paid every year when you renew your registration.
The tax is based on 85% of the manufacturer’s suggested retail price (MSRP).
2.10% of taxable value for the first year .
For example, a new car with a high MSRP could cost over $1,000 in this tax for the first year, while a 10-year-old vehicle might only pay a few dollars.
thughes
.223 Rem
Several states already charge an annual personal property tax on vehicles (CO, KY, NC, AL, MO, AR, TX, etc.). Low sales tax and low/no income tax are nice, but it does suck to pay taxes on your vehicles every year at re-registration. Still doesn't suck as much as living in NY though!
Cavalry
.338 Win Mag
Has anyone noticed that anything Cunty posts is swarmed with negative comments? There will be hundreds of comments but zero saying shes doing a great job. Do her supporters just not comment on social media?
thughes
.223 Rem
Her poor disenfranchised supporters don't have phones, or internet, or ID's, according to the progressives.
The CCP owns Hochul and mamdami.............
miraitalk.com
The CCP owns extensive properties in NYC that Xi does not live in.
Do you actually think that China will allow this tax bullshit............ ON THEM?
Kathy Son?
How much of Manhattan is owned by Chinese? (2026)
Does China own Rockefeller Center? China Investment Corporation (CIC) has forked out $1.03 billion to purchase a 45 percent stake in a building in New York's iconic Rockefeller Center, a deal which makes the Chinese sovereign wealth fund one of the biggest buyers of Manhattan real estate in 2016.
miraitalk.com
The CCP owns extensive properties in NYC that Xi does not live in.
Do you actually think that China will allow this tax bullshit............ ON THEM?
Kathy Son?
C3D
.338 Win Mag
The CCP owns Hochul and mamdami.............
How much of Manhattan is owned by Chinese? (2026)
Does China own Rockefeller Center? China Investment Corporation (CIC) has forked out $1.03 billion to purchase a 45 percent stake in a building in New York's iconic Rockefeller Center, a deal which makes the Chinese sovereign wealth fund one of the biggest buyers of Manhattan real estate in 2016.
The CCP owns extensive properties in NYC that Xi does not live in.
Do you actually think that China will allow this tax bullshit............ ON THEM?
Kathy Son?
Sovereign-owned property is exempt from real estate tax.
dwa12479
.338 Win Mag
Progressivism......
2026 : $5 Million
2027 : $3 Million
2028 : $750,000
2029 : Any permanent structure
2030 : Seasonal campsite
2031 : Tents on the sidewalk
2026 : $5 Million
2027 : $3 Million
2028 : $750,000
2029 : Any permanent structure
2030 : Seasonal campsite
2031 : Tents on the sidewalk
MothMan
.338 Win Mag
Off topic. The Senaca Fall land fill is about to get 70’ higher. Might become the highest point between Geneva and Lake Ontario. Gotta make room for more NYC, MA, NJ, RI trash.
We've got one here too: DANC - Development Authority of the North Country - Home Page
I can assure you it looks nothing like those "green" pictures on the web site...I don't know how high it is now, but it can be seen from most anyplace above the Tree line.
RedBreast21
6.5 Creedmoor
500,000,000.00 still leaves over 4,900,000,000.00 budget gap. Must be an election year. The math ain't mathing. But her constituents believe math is racist so 
TEOTWAWKI inc.
.338 Win Mag
This demonstrates exactly zero effort to close the gap. With that kind of shortfall, you cut deep. So deep that your only problem becomes figuring out how to fix everything you just fucked up.500,000,000.00 still leaves over 4,900,000,000.00 budget gap. Must be an election year. The math ain't mathing. But her constituents believe math is racist so
OwnTheRide
.223 Rem
Back when I was living in Binghamton, about once a week I'd be driving to work and it would smell like there was a dead animal under my hood. Sure enough, ten miles down the road, I'd catch up to a semi hauling trash from NYC/NJ, presumably heading to that landfill. And the smell would finally go away once I passed the semi.
Bigfoot
.475 A&M Magnum
Back in the early 2010's, a friend of mine worked at an auto repair shop that had railroad tracks running right behind the garage. One day, as I was visiting him at work, a train went by behind the shop with a stink, and he said, "fuck NYC and all your trash." That's the day I found out that NYC ships its trash to upstate NY... 
As long as Upstate New York is connected to New York City in any way.
Upstate will have no other choice but to be a shithole too.
Edit to add - The area of the auto repair shop I'm talking about is 350 miles from New York City.
As long as Upstate New York is connected to New York City in any way.
Upstate will have no other choice but to be a shithole too.
Edit to add - The area of the auto repair shop I'm talking about is 350 miles from New York City.
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dwa12479
.338 Win Mag
I do have to say that I find it shocking in today's information age that there are people out there who TRULY believe if the governemnt got their hands on just a little more money, it would work to improve their lives.
spat
.950 JDJ
That doesn't really clarify which you'd prefer.
dwa12479
.338 Win Mag
It wont stop there though.
Remember when the NYS Thruway tolls were supposed to go away in 1996 when the bonds were paid off? They've only gone up for 30 years.
Income tax in 1913 was supposed to be temporary and ONLY for the wealthy. How's that working out for us?
Im shocked at how many people really believe that if we just gice governments MORE of our money that somehow our lives will improve.
OwnTheRide
.223 Rem
Or, remember how Bill Clinton ran for office and one of his policy goals was to increase taxes on the rich, which he defined as households making $250k or more... then, when his wife ran 24 years later, one of her policy goals was to increase taxes on the rich, which she defined as households making $250k or more?
Must not have been any inflation in those 24 years, right?
Like you said, it doesn't stop. Progressives progressively apply their progressive policies down the chain.
I read up on this a bit, here is what I found:
“The proposal targets luxury second homes in New York City valued at $5 million or more, allowing the city to levy a yearly tax surcharge aimed at ultrawealthy, non-New York City residents.”
“A pied-à-terre tax is an annual surcharge on residential properties in New York City that are not occupied as a primary residence. The tax would ensure that those that own luxury homes, but do not live in the City or pay City income tax are still fairly contributing towards the funding of the essential services like policing and parks that make New York City a global destination. The tax would only apply to those homes that are not the primary residence of the owner or are not rented to a primary resident or occupied by the owner’s family.”
If the owners of these $5 million+ lofts and luxury properties are not contributing to city income tax, and the places are sitting empty most of the time, then I think a surcharge is completely warranted.
For those comments above stating “it’ll be the lake houses next” or “it’ll be all second homes next” etc… who knows? Personally, I doubt it very much. I don’t view this tax as a slippery slope to taxes that will negatively effect the middle class or even the run of the mill “wealthy” New Yorkers.
These empty properties are being used as speculative real estate investments for the ultra-wealthy (many who are not even US citizens), and I think we should absolutely tax the sh*t out of them if it makes it easier for the average New Yorker to live.
If that means that less of these billionaires want to buy or build new super luxury apartments in the city? Fine. That leaves more room for housing for the middle class.
“The proposal targets luxury second homes in New York City valued at $5 million or more, allowing the city to levy a yearly tax surcharge aimed at ultrawealthy, non-New York City residents.”
“A pied-à-terre tax is an annual surcharge on residential properties in New York City that are not occupied as a primary residence. The tax would ensure that those that own luxury homes, but do not live in the City or pay City income tax are still fairly contributing towards the funding of the essential services like policing and parks that make New York City a global destination. The tax would only apply to those homes that are not the primary residence of the owner or are not rented to a primary resident or occupied by the owner’s family.”
If the owners of these $5 million+ lofts and luxury properties are not contributing to city income tax, and the places are sitting empty most of the time, then I think a surcharge is completely warranted.
For those comments above stating “it’ll be the lake houses next” or “it’ll be all second homes next” etc… who knows? Personally, I doubt it very much. I don’t view this tax as a slippery slope to taxes that will negatively effect the middle class or even the run of the mill “wealthy” New Yorkers.
These empty properties are being used as speculative real estate investments for the ultra-wealthy (many who are not even US citizens), and I think we should absolutely tax the sh*t out of them if it makes it easier for the average New Yorker to live.
If that means that less of these billionaires want to buy or build new super luxury apartments in the city? Fine. That leaves more room for housing for the middle class.