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NYC Tax Confusion Hits Homeowners | Real Estate News
Description
New York City’s new pied-à-terre tax has sparked chaos—17,000 notices sent, many to full-time residents who didn’t know their homes were targeted. The city originally expected 10,000 affected properties, but the wide net has left homeowners confused and anxious. To avoid the tax, residents must prove their home is their primary residence by August 21 (condos/houses) or August 24 (co-ops) by submitting documents like tax returns online.
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