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Sipping a Margarita, watching a spectacular sunset…
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AI result from the 2nd home legislation, the surcharge can't be annually - right?
Otherwise a lot of properties will be coming up for sale soon, and the RE market is basically frozen.

As of May 2026, New York is implementing a new two-phase tax surcharge on high-end luxury second homes (pied-à-terre) in New York City valued at $1 million or more, aimed at addressing the city’s budget deficit. The proposed plan, backed by Gov. Kathy Hochul, targets an estimated 10,000 homes with a surcharge ranging from 4% to 6.5% of market value, on top of existing property taxes. [1, 2, 3, 4, 5]

New York City Second-Home Tax Proposal (2026)

  • Targeted Properties: Co-ops, condos, and 1–3 family homes in NYC that are not used as a primary residence.
  • Tax Rates (Short-Term/Phase One):
    • $1M - $3M: 4% surcharge.
    • $3M - $5M: 5.25% surcharge.
    • $5M+: 6.5% surcharge.
  • Valuation: The tax will use a "market value" metric for luxury units.
  • Cash Purchase Penalty: A separate new initiative proposes taxing cash purchases on residential properties of $1 million or more in NYC.
 
Got a new feature on my phone Call assist basically it will answer the call when I activate it it wil ask the caller why they are calling and I can see the whole convo in text on the screen then I can chose to answer the call or not I love it
I use it a lot, i think it's Google assistant screening or something.
They always hang up, except for the Pillow Guy. :mad:
 

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