Second homes

A judge in Staten Island, N.Y., temporarily blocked Zohran Mamdani’s rollout of a new tax targeting second homes valued at over $5 million. The ruling came from Judge Wayne Ozzi and required New York City to take down a public list containing more than 900,000 items.

New York's new tax on second homes is causing owners to reconsider their investments. London has similarly been questioning the value of second homes in the city for some time.

Yelena Okhman, a candidate for Kauaʻi County Council, argues that owner-occupied residences should not bear the same tax burden as investment properties or second homes.

A new tax named the 'Taylor Swift tax' has been implemented in Rhode Island, targeting owners of certain second homes. Over 8,000 property owners received notifications about potential tax liability under this policy.

Andy Burnham is proposing a wealth tax targeting shares and second homes, causing concern among Labour MPs over his left-wing policies affecting the South.

New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani have proposed a 'pied-à-terre tax' on second homes in NYC valued over $5 million to address the city’s budget deficit by targeting the ultrawealthy. The tax aims to generate revenue through an annual levy on luxury secondary residences.

Edinburgh's council tax for second homes increased by 300% for eight days, reflecting a temporary measure to address housing issues. The policy highlights concerns about property ownership and taxation in the city.