Why it matters
The surcharge could affect owners of high-value second homes in New York City. The articles do not specify the tax rate or its expected revenue.
HOUSING & REAL ESTATE • UNITED STATES
Appeals court allows New York City’s second-home tax to proceed
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An appeals court has allowed New York City to proceed with a surcharge on non-primary homes valued above $5 million. The tax is set to apply through July 2028, while a separate legal challenge remains active, according to HousingWire.
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