2026 NYC Pied-à-Terre Tax Update: A Detailed & Thorough Analysis
2026 NYC Pied-à-Terre Tax Update: A Detailed & Thorough Analysis is a one-hour webinar designed to provide tax professionals with a comprehensive overview of New York City's newly implemented pied-à-terre tax. Presented by Hodgson Russ Partners Joe Endres, Craig Reilly, and Elizabeth Pascal, Esq., the program examines the tax's scope, eligibility requirements, valuation methodology, calculation procedures, and available appeal mechanisms. Participants will gain practical guidance on determining who is subject to the tax, understanding how property values are assessed, calculating tax liabilities, and navigating the protest and appeals process. Given the September 18, 2026 appeal filing deadline, the webinar emphasizes timely compliance and strategic considerations for affected property owners and advisors.
Related News & Insights
- QuotedNYC Keeps 2nd Home Tax On Target After Court Halts Rollout
New York City's implementation of its new pied-à-terre tax on high-value second homes remains on track after the city filed an appeal, which temporarily suspended a court order that had paused parts of the rollout. The measure has generated controversy as thousands of property owners have received notices requiring them to prove their homes qualify as primary residences and are therefore exempt.
- QuotedMamdani’s New Pied-à-Terre Tax Leaves Wealthy With Few Loopholes
Effective July 1, New York City’s pied-à-terre tax is now in force, as detailed in recent Bloomberg coverage examining how the new surcharge is reshaping the landscape for high-value second-home owners. The article highlights the limited availability of workarounds, the practical challenges of compliance, and the early strategies being explored by taxpayers. Hodgson Russ partner Timothy Noonan offers perspective on how narrowly the rules may operate in practice and the importance of meeting the law’s specific requirements.
QuotedNYC Focuses on Hedge Funds in Tax Audits of Carried Interest
