NYC proposes 'pied-a-terre' tax on wealthy non-resident homeowners

Name: NYC proposes 'pied-a-terre' tax on wealthy non-resident homeowners
Uploaded: 2026-04-16T15:29:32Z
Duration: 26 s
Description: Fox Business correspondent Connor Hansen reports that New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani are proposing a 'pied-a-terre' tax on second homes in New York City valued at $5 million or more, owned by non-residents. Mamdani is featured in a video clip affirming their intent to 'tax the rich'.

Varney & Company · FBN · Apr 16, 2026 · 26s

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Fox Business correspondent Connor Hansen reports that New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani are proposing a 'pied-a-terre' tax on second homes in New York City valued at $5 million or more, owned by non-residents. Mamdani is featured in a video clip affirming their intent to 'tax the rich'.