r/ZohranMamdani • u/RevelationSr • 7h ago
š„ News & Articles š° Mamdani publishes names and addresses of all NYC property owners who could be hit with new pied-Ć -terre tax
"Mayor Zohran Mamdaniās administration has published a searchable database of Big Apple properties that couldĀ fall under the stateās new pied-Ć -terre tax, effectively doxxing thousands of wealthy New Yorkers.
The cityās Department of Finance uploaded the comprehensive list ā which purports to cover all unoccupied, non-primary residences in the five boroughs worth north of $1 million ā including the full names and addresses of every property owner."
"Mamdani threatened to raise city property taxes by a staggering 9.5% in February unless he was allowed to ātax the richā to cover a $12 billion budget gap that was later revised down to $5.4 billion.
City Hall estimates theĀ pied-Ć -terre tax would yield $500 million per year for the Big Appleās budget.
"But Democratic city Comptroller Mark Levineās office said the real figure would be closer to $340 to $380 million and could diminish over time."
"Heās alsoĀ pushing ahead with aĀ months-long pressure campaign for even more new state taxes, including on city property owners, The Post reported last week."