Will the pied-à-terre tax be a windfall for cash-strapped New York Metropolis? Comptroller Mark Levine mentioned Thursday that every one depends upon guidelines and enforcement for the yet-to-be enacted surcharge on rich property homeowners. Gov. Kathy Hochul’s proposed tax on high-value second houses in New York Metropolis might elevate roughly $500 million a 12 months if rigorously designed — however revenues might fall nicely quick with out clear guidelines on exemptions, enforcement and proprietor habits, in accordance with a brand new evaluation that Levine launched on April 30. The town comptroller’s workplace discovered the tax might plausibly elevate about $510…
