The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
At the opposite end of the spectrum, the fiscally conservative Citizens Budget Commission described the tax as appealing but problematic : Gov. The market value of these properties will be based on a "comparable sale-based valuation method." And it is a marginal rate tax - only the amount above each threshold is taxed.
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