Mamdani publishes names and addresses of all NYC property owners who could be hit with new pied-à-terre tax

Key Points:

• Mayor Zohran Mamdani’s administration released a searchable database listing over 960,000 New York City properties potentially subject to the new pied-à-terre tax, including full names and addresses of owners, sparking privacy and accuracy concerns.
• The database includes many properties that may not qualify for the tax, such as modest homes in working-class neighborhoods and commercial properties, leading to criticism that the list is overly broad and flawed.
• Critics, including Council Minority Leader David Carr and business groups, argue the move could harm the luxury real estate market and unfairly target residents who do not own second homes, raising fears about privacy and safety.
• The pied-à-terre tax, enacted by Gov. Kathy Hochul and supported by Mamdani, aims to raise approximately $340 to $500 million annually by taxing non-primary residences valued over $1 million, but opponents warn it may reduce property values and drive business away.
• Mamdani has faced backlash before for targeting wealthy property owners and continues to push for higher taxes on the rich to address the city’s budget gap, while some middle-class homeowners also appear vulnerable under his tax policies.