NNNYT Newsπ€Hochul Proposes Tax on N.Y.C. Second Homes That Are Worth $5 MillionGov. Kathy Hochul, who has opposed raising some taxes, favored a βpied-Γ -terreβ luxury tax because it largely targets the ultrawealthy who primarily live outside New York City.By Benjamin Oreskes[1] The New York Times4/15/2026, 2:06:53 AM00000