
New York’s Pied-a-Terre Tax: A Plain-Language Guide for Property Owners and Their Advisers
In the state and local tax (SALT) industry, New York City’s recent pied-a-terre tax has dominated the news. Like many people, I had never heard the phrase “pied-a-terre” or intuitively known what it means. The French phrase essentially translates to “foot on the ground.” In this context, it refers to a weekend place, a city residence you keep when your


