NEW YORK, NY — A newly released public database tied to New York City's new pied-à-terre tax shows where the City's highest-value homes are concentrated, highlighting luxury neighborhoods, prominent residential buildings and recognizable property owners whose residences could face review under the new law.
The Department of Finance published a supplemental market value roll on July 24, 2026, as part of the annual non-primary residence property surcharge.
The roll lists properties the Department of Finance will review to determine whether they qualify for the surcharge.
It will remain available for public inspection through Dec. 31.
Inclusion in the database does not mean a property owner will ultimately owe the tax.
The tax applies to qualifying one- to three-family homes, condominiums and co-ops valued above $5 million when owners maintain another primary residence. City officials estimate about 13,000 properties could qualify, generating at least $500 million annually.
Mayor Zohran Mamdani and Gov. Kathy Hochul secured the surcharge as part of this year's state budget.
The release marks the beginning of the City's effort to identify owners of high-value residences who maintain primary homes elsewhere.
Mamdani highlighted the rollout on social media after notification letters were mailed to property owners.
"You've got mail," Mamdani wrote in an X post. "Today, we sent notification letters to property owners, letting them know that our new pied-à-terre tax is coming soon."
The announcement drew criticism from some Department of Finance officials who favored a quieter rollout, according to POLITICO.
The agency argued the public release of the supplemental property roll and notification letters fulfilled the law's requirements and did not require a promotional campaign.
A Patch analysis of Department of Finance records found the potential surcharge base is concentrated in Manhattan's most valuable residential neighborhoods, particularly around Central Park, Fifth Avenue and Park Avenue.
The ZIP codes with the highest total residential market values are:
| ZIP Code | Neighborhood/Area | Total Residential Market Value |
|---|---|---|
| 10023 | Central Park West / Lincoln Square | $13.1 billion |
| 10021 | Upper East Side | $10.8 billion |
| 10022 | Midtown East / Plaza District | $10.4 billion |
| 10128 | Carnegie Hill | $9.3 billion |
| 10011 | Chelsea | $9.1 billion |
A Patch analysis of the supplemental market value roll found the Upper West Side contains the largest number of residences valued above $5 million that could be reviewed under the new law.
ZIP code 10024 includes 178 residential properties with fiscal market values exceeding the threshold, the highest total of any ZIP code in the City.
The neighboring 10025 ZIP code, which includes parts of the Upper West Side and Morningside Heights, contains another 158 properties above $5 million.
Together, the two Upper West Side ZIP codes account for 336 residences valued above the threshold, making the neighborhood one of the City's largest concentrations of homes that could be reviewed under the surcharge.
The findings show the potential tax base extends well beyond Billionaires' Row, with large concentrations of high-value homes spread across Manhattan's long-established luxury neighborhoods.
Some of New York City's best-known residential buildings appear prominently in the supplemental market value roll, though the records do not determine whether any owner will ultimately owe the surcharge.
The database does not identify whether a residence is a primary home, a second home or otherwise exempt.
Among the highest-value addresses is 220 Central Park South, where several individual residences exceed the $5 million threshold, including Unit 50 at $15.5 million, Penthouse 73 at $6.9 million, Penthouse 76 at $6.5 million and Villa 8 at $5.6 million.
Patch identified 117 separately recorded residential units at the address with a combined fiscal market value exceeding $261 million.
On the Upper East Side, 740 Park Ave. appears with a recorded building value of $96.5 million, while nearby 730 Park Ave. is listed at $71.2 million.
Most ownership records in the supplemental roll identify individual owners.
Patch found approximately 79 percent of records list a named individual, while about 20 percent identify an LLC or corporation. Roughly 1 percent contain unavailable or unclear ownership information.
The database includes numerous recognizable names, trusts and corporate entities.
A property's appearance in the records does not determine whether the owner owes the surcharge.
Taylor Swift's widely reported Tribeca residence at 155 Franklin St. appears in the supplemental roll, but the records do not list Swift's name directly.
Instead, Unit 2N is owned by 2N 155 Franklin Street LLC, while penthouse units PHN and PHS are listed under NYC Strategic Realty LLC, with fiscal market values of approximately $743,701 and $1.77 million, respectively. Public property records identify ownership entities rather than beneficial owners.
Donald Trump's longtime Manhattan residence at Trump Tower also appears in the supplemental roll.
A record tied to Donald J. Trump lists Apartment 66N at 721 Fifth Ave. with a fiscal market value of approximately $6 million.
Another property at the same address appears under Trump Tower 62M LLC with a listed fiscal market value of about $650,000.
The Department of Finance must determine whether each property meets the law's requirements, including whether it is a secondary residence, exceeds the statutory value threshold, qualifies for an exemption and satisfies the applicable ownership rules.
The City added 13 positions within the Department of Finance and 11 positions at the Office of Administrative Tax Appeals to administer the program and handle disputes.
A fiscal analysis from the New York City Comptroller's Office warned that weak auditing could reduce projected revenue and increase appeals.
"Lapses in DOF's auditing capacity and accuracy, would reduce revenues and multiply taxpayers' appeals and lawsuits," the report said.
Even before the first tax bills are issued, the surcharge has prompted debate over its potential effect on New York City's luxury housing market.
Dolly Hertz of Engel & Völkers said affluent buyers have driven much of the City's luxury real estate activity during the past year.
"So what's been driving real estate in New York for the past 12 to 18 months has been this kind of wealthy buyer," Hertz said. "Basically Kathy Hochul will achieve stifling the very demand that's driving the market."
Emily Eisner, acting chief economist at the Fiscal Policy Institute, called the surcharge "a significant advancement toward implementing progressive taxation" while cautioning it would not solve the City's broader fiscal challenges on its own.
The Department of Finance will continue reviewing the properties through the end of the year before determining which residences ultimately qualify for the surcharge.
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