New York City Mayor Zohran Mamdani's pied-à-terre tax is moving ahead. But will it work?
- Posted on May 12, 2026
- By CNBC
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- 1 min read
New York City Mayor Zohran Mamdani's pied-à-terre tax is moving ahead. But will it work?
New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.
