NYC Pied-à-Terre Tax – Exemption Applications For Non-Primary Residence Property Surcharge

Own A Residential Home, Condo Or Co-op In NYC?

You Must Act Quickly If You Believe You Are Exempt From This New Tax.

New York City has a new annual surcharge on certain properties, sometimes referred to as “pieds-à-terre,” that are not used as the owner’s primary residence.

NYC is casting a wide net and will assume you are subject to this Pied-à-Terre tax. If you don’t apply for and receive an exemption, you will be assessed and NYC will aggressively attempt to collect from you.

The NYC’s goal is to repossess as many properties as they can and convert them to affordable housing.

The surcharge applies to certain properties in New York City that are not used as a primary residence.

For property tax years 2026-27 and 2027-28, the surcharge may apply to:

• One-, two-, and three-family homes valued by DOF at more than $5 million
• Condominium and cooperative units valued by DOF at $1 million or more

If you received a letter from the Department of Finance indicating that you may be subject to the surcharge and believe you are exempt, you must respond by the deadline date listed in the letter. You also must submit information showing that the property is not subject to the surcharge.

Mamdani published a searchable public database of properties potentially subject to the new state pied-à-terre tax, including owners’ full names and addresses.

The Department of Finance published a supplemental market value roll on July 24, 2026, related to the annual non-primary residence property surcharge.

This roll includes, but is not limited to, those properties that may be subject to the surcharge. You can inspect and examine the roll on NYC’s Property Assessments page.

My team is ready to help complete the necessary forms.

Submit your surcharge exemption application:

• Residential homes and condos (deadline August 21, 2026)
• Cooperative units (deadline August 24, 2026)

Use this Eligibility Guide to find out if you may be exempt from the surcharge.