New York’s Wealthy Rush to Avoid Mamdani’s Second-Home Tax
7th August 2026
Wealthy New Yorkers are seeking exemptions to Mayor Zohran Mamdani’s second-home tax, with thousands filing applications to avoid the levy.
Time to leave, not beg favors from the government.
New York City Hall confirmed to FOX Business that as of Monday, about 4,800 property owners have started the process of applying for an exemption to the pied-à-terre tax. Of that total, about 2,000 property owners have completed their exemption applications.
The fact that exemptions are available suggests that, in addition to making a political talking point, it’s also going to serve as a vehicle for Democrat graft.
Individuals who have been notified about being potentially subject to the pied-à-terre tax have until Sept. 18 to apply for an exemption, according to the New York City Department of Finance. That deadline was extended from the original deadline of Aug. 21.
Available to the politically well-connected … and those who pony up the appropriate sweetener, no doubt. This is, after all, New York.