Tracking the taxes that whack New York real estate

Roughly a year ago, the real estate industry successfully
lobbied to thwart what its leaders said would be a devastating new
tax. The pied-à-terre tax would have slapped an annual excise of
up to 4 percent on the value of second homes worth more than $5
million. Gov. Andrew Cuomo and the legislature — with the
industry’s blessing — ultimately passed one-time transfer taxes
instead. But the PAT tax could make a comeback this legislative

Source: FS – All – Real Estate News 2
Tracking the taxes that whack New York real estate