Real Estate & Home

The Second-Home Tax Is Spreading-Is Your Vacation Property Next?

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New York Governor Kathy Hochul announced a budget deal including a pied-à-terre tax on second homes in New York City, reflecting a trend among lawmakers to address affordability crises by targeting wealthy property owners. However, experts like Abir Mandal from the Tax Foundation argue that such taxes often fail to generate promised revenue and improve affordability for residents.

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The Second-Home Tax Is Spreading-Is Your Vacation Property Next?

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