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Gotham Gazette

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mansion tax

mansion tax

  • The ‘Mansion Tax,’ a Smart Step Toward Fairness

    seniors during de blasio visit

    Seniors (photo: Michael Appleton/Mayor's Office)


    I grew up around some common stereotypes of New York City wealth: private schools, trust fund kids, and expensive Manhattan real estate. But as a New Yorker with family here going back to the late 1800s, I am aware that most of the people in our city do not have such luxuries. That’s why I support the “mansion tax” being championed by Mayor de Blasio and state Assembly Democrats and want to see it passed as part of the state budget in Albany this week.

    Due to income inequality,

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  • Budget Watchdogs Question De Blasio’s 'Mansion Tax'

    de blasio mansion tax

    De Blasio pitches his mansion tax (photo: Michael Appleton/Mayor's Office)


    Budget watchdogs have expressed concern that Mayor Bill de Blasio’s “mansion tax” proposal, which would impose levies on real estate transactions above $2 million, may be misguided or even unnecessary.

    De Blasio made a last-minute trip to Albany on Wednesday to rally with Democratic lawmakers and progressive advocates in favor of a number of proposals currently being considered in state budget negotiations. The mayor’s chief concern,

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  • In Albany, De Blasio and Democrats Push ‘Mansion Tax’

    bdb albany mansion tax rally rachel 

    De Blasio in Albany (photo: Rachel Silberstein/Gotham Gazette)


    Mayor Bill de Blasio journeyed to Albany Wednesday to rally with Democratic legislators and activists for the extension of the “millionaires’ tax,” set to expire this year, as well as the “mansion tax,” a proposal the mayor has been pushing since 2015. De Blasio and his allies called for both to be part of the new state budget due by April 1.

    Citing the threats of deep federal budget cuts from President Donald Trump’s administration and a

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  • De Blasio Faces Local Questions About ‘Mansion Tax’ Plan

    de Blasio speech dining room gracie

    Mayor de Blasio (photo: Edwin J. Torres/ Mayor's Office)


    A report released by the city Independent Budget Office has raised questions about the potential effects of the so-called “mansion tax,” a proposed part of Mayor Bill de Blasio’s affordable housing strategy that would levy a 2.5 percent surcharge on the sale price over a threshold of $2 million for residential properties.

    De Blasio put forward a version of the mansion tax proposal, which requires approval by the State Legislature and Governor Andrew Cuomo, in mid-2015. It failed

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  • Beware of 'Common Sense' Arguments Against the Millionaire's Tax

    Speaker Carl Heastie

     Assembly Speaker Carl Heastie (photo: The Governor's Office)


    Higher taxes on New York’s wealthy are on the table in three places for this year’s budget negotiations. Governor Andrew Cuomo’s Executive Budget for 2018 includes an extension of the so-called "millionaire’s tax”. The state Assembly has decided to see the governor

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