What Is New York City’s ‘Pied-à-Terre’ Tax and Does India Have Anything Similar?
Last Updated:April 18, 2026, 10:45 IST NYC Mayor Zohran Mamdani proposes a pied a terre tax on vacant luxury homes over 5 million to raise revenue, experts compare it to India’s tax on notional rent for third houses Explainer on what is pied-a-terre tax being proposed to impose in New York City When New York…