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NYC Mayor Zohran Mamdani Proposes Tax On $5M+ Luxury Second Homes: What It Means for Global Elites?
Posted
April 16, 2026
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April 16, 2026
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3:37Now PlayingZohran Mamdani announced on April 15 via a video that his administration plans to introduce a pied-à-terre tax targeting wealthy Americans who own luxury second homes in New York City. In an Instagram message, Zohran Mamdani said, “Today we’re taxing. I’m thrilled to announce we’ve secured a pied-à-terre tax, the first of its kind in New York’s history. This annual fee will apply to luxury properties valued above $5 million whose owners do not live in the city full-time.”
#zohranmamdani #neywork #nyctaxes #mayormamdani #mamdanimayor#newyorklifestyle #worldnews #usnews #mirrornow #mirrornoworiginals
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