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NYC and NY state propose $500M annual tax on expensive nonresident second homes.
New York City Mayor Zohran Mamdani and Gov.
Kathy Hochul propose a $500 million annual tax on second homes valued over $5 million owned by nonresidents.
The plan aims to close a budget gap and fund affordable housing, though challenges remain regarding enforcement and the measure's ability to impact the housing market.
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Nueva York y el estado de Nueva York proponen un impuesto anual de $500 millones a las costosas segundas casas de no residentes.