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Correction to NYC's Pied-à-Terre Owners Hunt for Creative Ways to Dodge New Tax Article on Aug. 6 -- WSJ

Correction to NYC's Pied-à-Terre Owners Hunt for Creative Ways to Dodge New Tax Article on Aug. 6 -- WSJ

Dow JonesDow Jones2026/08/10 15:40

New York City's pied-à-terre tax will apply to homes worth $5 million or more and to co-ops and condos worth $1 million or more where the owner isn't a primary resident of the property. "NYC's Pied-à-Terre Owners Hunt for Creative Ways to Dodge New Tax," at 8 p.m. ET on Aug. 6, incorrectly said the levy applies to those homes worth $5 million or more and to co-ops and condos worth $1 million or more where the owner isn't a primary resident of the city.

(END) Dow Jones Newswires

August 10, 2026 11:40 ET (15:40 GMT)

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