Does This Property Qualify Under the Pied-à-Terre Tax?
Type any NYC address or 10-digit BBL. You'll see whether the unit qualifies by class and value, whether the owner has a residence benefit on file, and the yearly surcharge if none does. The city makes the final call. This just shows what the public record says.
Famous Addresses, Read From the Record
Each of these units qualifies by class and value, and has no residence benefit on file with the city. The figure is what the surcharge would be if the unit is non-primary. Tap any tile to see the full record.
How Much Is the Tax?
The surcharge only applies to qualifying units whose owner has no residence benefit on file. It's billed every year on top of the existing property tax. It is not a one-time charge at sale, like the mansion tax.
Who Actually Owes It
Two things matter. First, does the unit qualify by class and value. Second, does the owner have a residence benefit on file, like a 467-a abatement or a senior, disabled, or veterans exemption. Those benefits require living in the home, so a unit that has one isn't a target. The same unit with nothing on file is.
- Condos valued $1M or more
- 1–3 family homes valued $5M or more
- Co-ops aren't included yet
- Larger apartment buildings aren't included
- 467-a primary-residence abatement
- Senior Citizen Homeowner exemption (SCHE)
- Disabled Homeowner exemption (DHE)
- Veterans exemptions
- Clergy exemption
Frequently Asked Questions
What Is the Pied-à-Terre Tax?+
It's a yearly surcharge on high-value NYC homes that aren't the owner's primary residence. It starts July 1, 2026. Condos and co-ops are affected at $1M or more of city market value, and 1–3 family homes at $5M or more. If the home is someone's primary residence, it doesn't apply.
How Do You Know if a Property Is Exposed?+
We can't see who lives where. What we can see is what the owner has filed with the city. A residence benefit like a 467-a abatement or a senior, disabled, or veterans exemption requires living in the home, so when one is on file the unit isn't a target. When a qualifying unit has nothing on file, it may be exposed, unless the owner can show it's their primary home.
Is This an Official Decision?+
No. The Department of Finance makes the determination and sends notices to affected owners. We read the same public records the city relies on and show you what they say, so you know where a property stands before any notice arrives.
What if the City Flags My Home by Mistake?+
If a property is flagged and it's actually your primary residence, you can document that with the Department of Finance and contest it. Owners who are over the income cap for an exemption, or who never applied for one, can look exposed in the records even though they live there. That's exactly the case the contest process is for.
Is This Lookup Really Free?+
Yes. Checking a property's status, the rate, and the residence benefits on file is free. Deeper records like the full ownership and deed history are part of a MetroDeeds subscription.
What Is the NYC Pied-à-Terre Tax Rate for a $1M to $3M Condo?+
4% of the full city market value, billed yearly, if the unit is not the owner's primary residence. The rate applies to the whole value, not just the part above $1M.
What Is the NYC Pied-à-Terre Tax Rate for a $3M to $5M Condo?+
5.25% of the full city market value, billed yearly, if the unit is not the owner's primary residence.
What Is the NYC Pied-à-Terre Tax Rate for a $5M and Up Condo?+
6.5% of the full city market value, billed yearly, if the unit is not the owner's primary residence.
Source records: NYC ACRIS, NYC Department of Finance, NYS Department of State. Updated nightly.