Sparks fly over Mamdani's 'hit list' against New York's rich home owners
Owning one home in New York City is a dream far beyond what many people could afford. But in one of the most expensive cities in the world, some people have not only a first, but a second, home.
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Key Facts
- Fact 1: The identities of those elite few - and others with expensive primary residences in New York - were made public at the end of July, as part of Mayor Zohran Mamdani's plans to charge a "pied-à-terre" home tax - an annual fee for second homes in the city worth more than $5m (£3.7m), or condos and co-ops worth more than $1m.
- Fact 2: The list included nearly one million properties, including addresses for celebrities and some of the city's wealthiest residents, such as hedge fund manager Ken Griffin and his $239m penthouse, director Woody Allen, former Vogue editor-in-chief Anna Wintour and actress Cynthia Nixon.
- Fact 3: The city ultimately sent tax notices to 17,000 people.
- Fact 4: Beverly Solo, a New York City resident of 44 years - who wore a shirt saying "Tax The Rich" - said the pied-à-terre measure could raise important money for city services.
Owning one home in New York City is a dream far beyond what many people could afford. But in one of the most expensive cities in the world, some people have not only a first, but a second, home.
The identities of those elite few - and others with expensive primary residences in New York - were made public at the end of July, as part of Mayor Zohran Mamdani's plans to charge a "pied-à-terre" home tax - an annual fee for second homes in the city worth more than $5m (£3.7m), or condos and co-ops worth more than $1m. That list, which identified people who the government said might have to pay the tax, became one of the main topics at a city council oversight meeting this week, which was called to address concerns about how it was rolled out. City council member Gale Brewer said she and some other council members supported the pied-à-terre tax, but pointed to "challenges" with its implementation.
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Original source: BBC News World
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