Taylor Swift owns multiple secondary properties in New York City.
She has amassed a massive real estate footprint on a single block in Tribeca, worth an estimated $50+ million. Her holdings include:
An 8,000-square-foot duplex penthouse at 155 Franklin Street.
A second-floor unit in the same building purchased for nearly $10 million.
An $18 million townhouse right next door at 153 Franklin Street.
Governor Hochul and Mayor Mamdani finalized a deal to implement a pied-à-terre tax surcharge on luxury secondary residences in NYC.
The tax starts as a 4% surcharge on the property’s value and then there is an annual charge that scales up progressively based on the assessed value.
Rhode Island passed a similar luxury second-home tax targeting non-resident estates over $1 million, a piece of legislation that the press nicknamed the “Taylor Swift Tax” due to its impact on her $17 million Watch Hill mansion.
To say that this alone is balancing the budget is an oversimplification (what are hot takes if not reductive) but the tax will have a meaningful impact because she owns a lot of property in NYC.
Taylor Swift owns multiple secondary properties in New York City.
She has amassed a massive real estate footprint on a single block in Tribeca, worth an estimated $50+ million. Her holdings include:
Governor Hochul and Mayor Mamdani finalized a deal to implement a pied-à-terre tax surcharge on luxury secondary residences in NYC.
The tax starts as a 4% surcharge on the property’s value and then there is an annual charge that scales up progressively based on the assessed value.
Rhode Island passed a similar luxury second-home tax targeting non-resident estates over $1 million, a piece of legislation that the press nicknamed the “Taylor Swift Tax” due to its impact on her $17 million Watch Hill mansion.
To say that this alone is balancing the budget is an oversimplification (what are hot takes if not reductive) but the tax will have a meaningful impact because she owns a lot of property in NYC.