Blog
Bess to Bloomberg: The Pied A Terre Tax is a Tax on All of New York City
May 14, 2026
1 Min Read
582 Views

Bess to Bloomberg: The Pied A Terre Tax is a Tax on All of New York City

By Ashley Brennan

BLOG HOME News + Insight

On Monday, May 11th, Brown Harris Stevens CEO Bess Freedman stopped by “The Close” on Bloomberg Television to discuss the hotly debated Pied A Terre Tax. If passed, second homes of $5 million and up face an annual tax on top of the taxes they already pay and continue to pay.

As Bess points out, buyers are already hitting pause on purchases until they have more certainty. Moreover, a tax of this nature could have a ripple effect by chasing wealth out of the city, hurting retail, development, jobs, and even affordable housing.

Similar Articles

image description
How to Invest in New Development Real Estate Before Everyone Else Does
image description
The New Wedding Registry: A First Home Fund
image description
The Role of AI in NYC Real Estate: Where It Helps and Where It Falls Short
image description
Why Pricing Right from Day One Is Critical in Today’s Market  
image description
How to Build Long-Term Wealth Through Commercial Real Estate
image description
Adapting to the New Mortgage Rate Reality
image description
Spring in Review: Balanced on Paper. Selective in Practice.
image description
The Pied-à-Terre Tax Is Coming: What NYC Owners Should Know
image description
The Line: May Job Growth Much Higher than Expected
image description
How Housing Affordability Is Reshaping Family Dynamics

Sign Up for Our Newsletter

Join our 50,000+ subscribers to receive curated collections of homes, market insights from our Chief Economist, and monthly event guides, straight to your inbox.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.