The administration of New York City Mayor Zohran Mamdani has published a publicly accessible database containing the names and addresses of property owners who could be affected by the newly implemented “pied-à-terre” tax, which applies to second homes that are not used as a primary residence. The decision has drawn criticism over concerns about the disclosure of personal information.
The New York City Department of Finance has launched a searchable database covering residential properties across the city’s five boroughs that are valued at more than $1 million and are not considered the owner’s primary residence. The database includes the names and addresses of the property owners.
New York City Council Minority Leader David Carr said that his own home appears in the database and described the policy as “irresponsible and irrational.” Carr warned, “Considering that thousands of properties on this list may not actually qualify as second homes or could ultimately be removed following appeals, this is an extremely dangerous step.”
“A Standard Practice”
City officials defended the publication of the database, stating that it is a standard procedure required under New York State law. A spokesperson for the Department of Finance said the release of the property list is legally mandated to ensure public oversight, but emphasized that not every property owner included in the database will receive a tax assessment.
Expected to Generate $500 Million Annually
The Mamdani administration estimates that the new pied-à-terre tax will generate approximately $500 million in annual revenue for the city’s budget.