New York City Non-Primary Residence Property Surcharge Overview

On May 28, 2026, Governor Hochul, as part of New York’s fiscal year 2026/2027 budget, enacted a new annual surcharge on certain high-value residential New York City properties that are not used as the primary residence of an owner, an owner’s family member, or a tenant; commonly referred to as the “pied-à-terre tax.” This surcharge […] The post New York City Non-Primary Residence Property Surcharge Overview appeared first on The CPA Journal.

This article is sourced from Arvinder Kaur, CPA. Click below to read the complete article on their official website.