NYC Pied-à-Terre Tax Calculator
New York’s pied-à-terre surcharge is now in effect — a New York State tax (Tax Law Article 30-C) administered by the NYC Department of Finance, with a 5-year sunset. Below the threshold there is no surcharge; at or above it, the bracket rate applies to the property’s full value.
Rates run 0.80%–1.30% on 1-3 family homes above $5M, and 4.00%–6.50% in tax years 2026-2027 and 2027-2028 for condos and co-ops above $1M in DOF market value (DOF’s income-approach value runs well below sale price). From tax year 2028-2029, DOF moves all property types to a comparable-sales valuation and condos and co-ops adopt the $5M threshold. This calculator runs the math for a specific apartment across the full program.
Last updated July 22, 2026, checked against the enacted New York State statute. Trophy buildings (220 CPS, 432 Park, One57, etc.) carry materially lower DOF value ratios than the standard 20% estimate — enter your actual DOF Notice of Property Value in the DOF market value field to model it exactly.
+ How the threshold works
+ How to find your DOF market value
Look it up at the NYC Department of Finance property portal: search by BBL (borough, block, lot) and use the “Estimated Market Value” total — NOT the “assessed value,” which is about 45% of market value. From 2028-2029, DOF revalues condos and co-ops on a sales-comparable basis, so this value drives the initial phase only.
+ What this calculator does not model
- The exact tax-year 2028-2029 revaluation methodology — DOF must publish a sales-based approach for condos and co-ops. We use sale price as the proxy; refine when final DOF guidance lands.
- LLC and trust ownership look-through rules. The reported framework applies at the property level; whether beneficial owners count toward the primary-residence test is still in regulation.
- Interactions with federal, NY State, or NYC income tax.
- A Judge Paused the Pied-à-Terre Tax — for About a Day → August 11, 2026
- Inside Hochul’s Pied-à-Terre Tax Proposal → May 17, 2026
- What the Pied-à-Terre Tax Would Mean Building-by-Building → May 17, 2026
- The Pied-à-Terre Tax Debate Returns. A Tale of Three Cities. → April 29, 2026
- The NYC Mansion Tax: Full Bracket Table and How It Actually Works →
- NYC Buyer Closing Cost Calculator →
- Manhattan Rent vs Buy Calculator →
- Hamptons: the Peconic Bay CPF transfer tax & its town-by-town exemption →
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- Aspen: the HOA / private RETA transfer assessment →
- Jackson Hole: Wyoming residency & no state income tax →
- Manhattan vs. Palm Beach: the second-home comparison, run end to end →
Buying or selling a Manhattan second home?
The pied-à-terre surcharge is one moving piece in a broader policy environment that’s actively reshaping the non-resident Manhattan market. A 30-minute consultation gets you the read on what it means for the specific apartment you’re considering — and on the policy trajectory.
Get a private assessment →