The Pied à Terre Tax: A Symptom of a Wider Problem New York City's new pied à terre tax has been met with both outrage and relief, depending on one's perspective.
However, beneath the surface, it becomes clear that this tax is more of a Band Aid solution than a cure all.
The tax itself targets roughly 10,000 non resident owners who own properties worth at least $1 million or houses worth at least $5 million.