Proposed NYC tax · Free check
Will the proposed pied-à-terre tax apply to your property?
A new NYC surcharge has been proposed for high-value second homes and non-primary-residence condos and co-ops. Enter your address or BBL and we'll tell you — in about two minutes — whether your property would likely be in scope.
Step 01 · Property
Which property are we checking?
Enter the street address — including borough — or the BBL straight from a NYC DOF property tax bill.
What is the pied-à-terre tax?
A proposed annual surcharge on high-value NYC homes that aren't anyone's primary residence.
Class 1 — 1–3 family homes
Applies if 5-year average DOF market value exceeds $5 millionand the property is not the primary residence of the owner (or owner's parent/child). Calculation: progressive marginal brackets on five-year average market value above the threshold.
Class 2 — Condos & co-ops
Applies if the unit's Assessed Value exceeds $300,000and the property is not anyone's primary residence. An independent appraisal showing market value below $5M can override. Calculation: progressive marginal brackets on AV above the threshold. For co-ops, billed to the cooperative and allocated by share count.
The hard part isn't the math.
Once value and bracket are determined, the surcharge is straightforward. The genuinely difficult question — and the one this screening cannot fully answer — is who actually lives in the property, who beneficially owns it, and whether the property qualifies for one of the residency-based exemptions. That's where a manual review pays for itself.
Owning a high-value NYC second home? Get ahead of this.
If your property is anywhere near the threshold, the time to model your exposure — and lock in clean residency documentation — is before the rules are final, not after the first bill.