Episode 137: NYC Pied-à-Terre Tax Just Dropped: Who Actually Gets Hit? + Tax Hikes Then vs Now

It’s officially the start of the summer season — and in true solo pod fashion, we’re kicking it off with a timely breakdown of the brand new NYC Pied-à-Terre Tax that just got enacted.   In this episode, I walk through exactly how the new surcharge works (Phase 1 vs. Phase 2), why the crazy-low DOF market value on high-end condos actually shields many owners from the tax in both phases, and what the switch to comparable sales in 2028 could mean in the long term.   Then we zoom out: the never-ending “tax the rich” playbook in NYC and beyond. I compare the actual tax landscape of 2021–2026 (post-COVID, Inflation Reduction Act, state cuts vs targeted hikes) against 2005–2010 (recession-era increases) at the federal, state, and major city levels. Property taxes, mansion taxes, transfer taxes, income surtaxes — who’s really raising what, and how much?   Follow me for more:  LinkedIn X Instagram YouTube