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Benzinga
Benzinga
Business
Tanya Rawat

Mamdani's Pied-À-Terre Tax Is Now Real— NYC Mayor Tells Owners of Luxury Second Homes Worth Over $5 Million: 'You've Got Mail'

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New York City Mayor Zohran Kwame Mamdani said the city has begun notifying owners of luxury second homes about its upcoming pied-à-terre tax, signaling the next step in implementing the policy.

In a post on X on Thursday, Mamdani said owners of second homes in New York City worth more than $5 million should “check your mailbox,” because “you’ve got mail,” adding that the city has sent notification letters informing property owners that the new pied-à-terre tax is “coming soon.”

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