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

April 24, 2026 by nada

while still serving the people who live and work there every day.

Too much taxation, and investment may flee.
Too little, and inequality deepens.

Hochul’s proposal is an attempt to thread that needle.

The idea of taxing $5 million second homes sounds straightforward, even intuitive. But beneath it lies a complex web of continue reading …