Say No To More Real Estate Taxes

Say No to More Real Estate Taxes

Right now, state lawmakers are considering a state budget proposal that would create a new real estate tax or surcharge on high-value second homes in New York State.

Imposing a so-called “pied-a-terre” tax is short-sighted and does not take into account the significant revenue directed to localities and New York State, which expensive second homes generate by way of property taxes and other forms of real estate taxes, such as real estate transfer taxes, state “mansion taxes” and mortgage recording taxes.

Discouraging second home sales in New York will diminish revenue that New York State and localities rely on.

Please Take Action Today!