New York Governor Proposing Tax on Second Homes Worth $5 Million or More

April 24, 2026 by nada

concern: if this tax is implemented, could it expand to lower-value homes or primary residences in the future?

These arguments reflect a deeper tension in economic policy—how to tax wealth without driving it away.

New York is not the first place to consider such a tax.

Cities and countries around the world have implemented similar continue reading …