Are you buying or owning a condo in Manhattan as a vacation home? There’s a lot of confusion surrounding the NYC Pied-à-Terre Tax—specifically regarding actual market value vs. Department of Finance (DOF) market value.
In this video, Manhattan real estate broker Wei Min Tan breaks down how the Pied-à-Terre tax criteria work, how the DOF market value differs from the real market value, and where to look on your property tax bill to see if your property is affected.
NYC Pied-à-Terre Tax: DOF Market Value
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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