{"id":229711,"date":"2026-05-13T09:13:09","date_gmt":"2026-05-13T09:13:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/229711\/"},"modified":"2026-05-13T09:13:09","modified_gmt":"2026-05-13T09:13:09","slug":"ny-real-estate-business-groups-lobby-to-defang-second-home-tax","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/229711\/","title":{"rendered":"NY Real Estate, Business Groups Lobby to Defang Second Home Tax"},"content":{"rendered":"<p>New York\u2019s real estate and business communities are viewing a proposed tax on second homes as the first step in a multi-year push to raise taxes on wealthy residents.<\/p>\n<p>Gov. Kathy Hochul (D) buckled on her pledge to avoid tax hikes on high earners and corporations as part of this year\u2019s state budget, proposing a \u201cpied-\u00e0-terre\u201d tax that applies to second homes in New York City worth more than $5 million. The levy is expected to raise $500 million annually, according to the governor\u2019s projections, as the city works to close a $5.4 billion two-year budget gap.<\/p>\n<p>While corporate and &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"New York\u2019s real estate and business communities are viewing a proposed tax on second homes as the first&hellip;\n","protected":false},"author":2,"featured_media":229712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[31922,89917,5593,9,24,55,54,56,40931,5592,30790,8800,4281,21706],"class_list":["post-229711","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-business-lobbying","tag-individual-income-tax","tag-municipal-tax","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-payment-of-tax","tag-property-tax","tag-property-tax-exemption","tag-real-estate-transactions","tag-state-budget","tag-variable-interest-entities"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/229711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=229711"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/229711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/229712"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=229711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=229711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=229711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}