Mayoral hopeful pitches pied-à-terre tax, says real estate interests “own” de Blasio

Democratic mayoral candidate Sal Albanese on Wednesday renewed calls for pied-à-terre tax, saying that absentee property owners should pay two or three times more in property taxes.

Albanese said that such a tax could bring the city billions of dollars in revenue, which could then be dedicated to the creation of affordable housing, Politico reported. A tax on pieds-à-terre — often owned by wealthy overseas investors looking for a safe place to park their cash — has been floated before. Mayor Bill de Blasio considered a proposal by State Senator Brad Hoylman in 2014, but the tax ultimately didn’t go through.

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