Richard Lee
Coverage of Richard Lee in the Nexus archive.
- Mamdani just gave wealthy homeowners more time to avoid his pied-à-terre tax
New York City Mayor Zohran Mamdani extended the deadline for homeowners to apply for an exemption from his pied-à-terre tax until September 18. The tax targets secondary properties in NYC valued over $5 million owned by residents living elsewhere, aiming to generate $500 million annually to address the city's budget shortfall. Critics, including wealthy residents and President Donald Trump, have opposed the tax, citing confusion and difficulty in the exemption process.
- Mamdani blows off concerns from NY’ers over pied-à-terre mailing snafu as questions swirl over new tax
Mayor Zohran Mamdani and Department of Finance Commissioner Richard Lee faced criticism over the botched rollout of New York City's new pied-à-terre tax, which resulted in incorrect tax bills being mailed to everyday residents. Neither official could explain how the errors occurred.
- Who owes NYC’s second-home tax? Outdated records and co-op questions cloud rollout
New York City's second-home tax rollout faces challenges due to outdated records and uncertainties in co-op building administration. The Department of Finance acknowledged potential inaccuracies in identifying properties subject to the surcharge, while officials clarified that a recent supplemental property assessment roll does not target specific properties.
- Die-Hard New Yorkers Blanche at Mamdani’s Pied-A-Terre J’Accuse
Mayor Zohran Mamdani's administration published a list of 900,000 properties potentially subject to a new pied-a-terre tax on luxury second homes, triggering anxiety among New Yorkers. The list included homes of officials like Mamdani's finance commissioner Richard Lee and former mayor Bill de Blasio. Homeowners received letters demanding proof of primary residency to avoid the tax, with critics accusing the administration of inadequate due diligence.