The Pied-à-Terre Tax, Measured
New York now levies an annual surcharge on non-primary residences. Here is what the Department of Finance's own roll says about yours.
Begin with the address.
Every residence in the five boroughs carries a Department of Finance market value. Enter an address to see the figure on the roll, and what Article 30-C asks of an owner whose home is not primary.
Try 220 Central Park South, or 26 Cliff Street.
Have the position reviewed
An estimate from the public roll is a starting point. Certification, documentation, and — where the value warrants it — a Tax Commission appeal are matters for counsel. Tell us where the residence stands.
How the tax works
Enacted in May 2026 as Article 30-C of the Tax Law. Effective July 1, 2026. It sunsets on June 30, 2031.
Phase One
From July 1, 2026 through June 30, 2028, the surcharge is calculated on the Department of Finance market value, at marginal rates that differ by class. Only the portion of value within each band carries that band's rate.
- $5M – $15M
- 0.8%
- $15M – $25M
- 1.05%
- Above $25M
- 1.3%
- $1M – $3M
- 4%
- $3M – $5M
- 5.25%
- Above $5M
- 6.5%
What counts as a primary residence
A residence occupied by its owner or the owner's immediate family, or let on an arm's-length lease of one year or longer. Occupancy is ordinarily proved by the address on a New York State resident income tax return, or by a STAR benefit on the property.
Certification and appeal
Owners certify the status of the residence. Certifying negligently or in bad faith carries penalties of up to fifty percent of the tax, which is reason enough to have the position documented before it is filed.
The surcharge has no appeal route of its own. What can be contested is the value it is calculated from, and that is heard by the New York City Tax Commission.
Phase Two
From July 2028 through June 2031, valuation moves from the Finance roll to a comparable-sales method, under a single $5 million threshold across classes. Residences well below the Phase One thresholds today can be reached under Phase Two.
Across the Department of Finance roll, 18,632 residences meet the Phase One thresholds.
Beyond the estimate
Attorney-Led Review
Certification of primary or non-primary status, the documentation that supports it, and appeals of the underlying value before the New York City Tax Commission.
Request a reviewResidence Watch
Stewardship of a residence while its owner is elsewhere — inspections, vendors, and a considered record of the property in their absence.
Residence WatchBoth Sides of the Move
For owners weighing where a primary residence should sit, we advise from the New York side and coordinate trusted counsel and brokerage in South Florida, rather than answering from one side of the question.
Speak with usConsidered Questions
Estimates derive from public Department of Finance records and are general information, not tax or legal advice. Consult your own advisors.