New Tax Could Hurt Value of Some of New York’s Most Expensive Homes

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New Tax Could Hurt Value of Some of New York’s Most Expensive Homes
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State tax plan could blow up ultra-luxury Manhattan mansion market, WSJ analysis says

The tax plan, if enacted, would levy the biggest tax on a small number of houses, co-ops and condos with market values of $25 million or more, a Wall

Street Journal analysis shows. The imposition of a new annual tax on them could potentially cut the value of these properties by nearly half, the analysis found.

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