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

New York’s $5 Million Second-Home Tax: A Bold Fix or a Risky Bet?

In April 2026, Kathy Hochul stepped into one of the most politically sensitive debates in modern urban policy: how to make a global city affordable without driving away the wealth that sustains it.

Her proposal—a new tax targeting second homes in New York City worth $5 million or more—has continue reading …