New York City · Tax Law Article 30-C
Pied-à-Terre SurchargeCalculator
Estimate your annual second home surcharge liability under NYC's new law, effective July 1, 2026.
Effective July 1, 2026
Expires June 30, 2031
Non-Primary Residences Only
This surcharge applies to fiscal years July 1, 2026 – June 30, 2031 only. It expires
unless renewed by the legislature.
Surcharge Calculator
Answer each question to compute your estimated annual liability.
1. Is this property used as a primary residence?
Counts as a primary residence if occupied by the owner, an immediate family member (spouse, child,
sibling, parent, grandparent, or grandchild), or a long-term tenant under a bona fide arms-length
lease of at least one year.
About This Surcharge
NYC Tax Law Article 30-C — Chapter 32 of Title 11 of the Administrative Code
Effective
July 1, 2026
Expires
June 30, 2031
Phase 1 Threshold — Class 1
≥ $5,000,000
Phase 1 Threshold — Condo / Co-op
≥ $1,000,000
Phase 2 Threshold — All Types
≥ $5,000,000
False Filing Penalty
Up to 50% of surcharge
Surcharge Rate Tables
Rates are applied to the full DOF market value at whichever bracket the value falls
into.
Phase 1 (FY 2026–2028) · Class 1: 1–3 Family Homes
Valuation: DOF market value, same method as regular property tax assessment.
| DOF Market Value | Annual Rate | Example Annual Surcharge |
|---|---|---|
| Below $5,000,000 | — | Below threshold |
| $5,000,000 – $15,000,000 | 0.80% | $40,000 – $120,000 |
| $15,000,001 – $25,000,000 | 1.05% | $157,500 – $262,500 |
| Over $25,000,000 | 1.30% | $325,000+ |
Phase 1 (FY 2026–2028) · Condos & Co-ops
Valuation: DOF assessed value using income-capitalization method (condos) or imputed formula
(co-ops).
DOF values are often significantly less than actual sale price — a $5M sale price may carry a $1M
DOF value.
Co-op imputed value = Building DOF Value × (Unit Shares ÷ Total Shares).
Co-op imputed value = Building DOF Value × (Unit Shares ÷ Total Shares).
| DOF Market Value | Annual Rate | Example Annual Surcharge |
|---|---|---|
| Below $1,000,000 | — | Below threshold |
| $1,000,000 – $3,000,000 | 4.00% | $40,000 – $120,000 |
| $3,000,001 – $5,000,000 | 5.25% | $157,500 – $262,500 |
| Over $5,000,000 | 6.50% | $325,000+ |
Phase 2 (FY 2028–2031) · All Property Types
Condos and co-ops re-valued by the DOF using comparable sales (closer to actual market price).
All property types converge on a single rate schedule with a $5M threshold.
| Phase 2 Market Value | Annual Rate | Example Annual Surcharge |
|---|---|---|
| Below $5,000,000 | — | Below threshold |
| $5,000,000 – $15,000,000 | 0.80% | $40,000 – $120,000 |
| $15,000,001 – $25,000,000 | 1.05% | $157,500 – $262,500 |
| Over $25,000,000 | 1.30% | $325,000+ |