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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
- A city spreadsheet tied to the pied-à-terre tax accidentally pushed many middle‑class homeowners into estate‑planning — suddenly hiring lawyers and exploring trusts/LLCs they’d never needed.
- The public file exposed names, addresses and assessed values for hundreds of thousands of properties, spurring privacy worries and talk of inadvertent doxxing.
- Moving a house into an LLC or trust can limit liability, organize inheritances and hide ownership from public records — but New York’s “look‑through” rule means it may not stop the surcharge itself.
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