Worldwide: Property Taxes

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Tax law and international tax law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital gains tax, corporate tax, income tax, inheritance tax, national insurance, property taxes, sales taxes, VAT, GST, tax authorities, transfer pricing and withholding tax.
Article
City Council Introduces Legislation To Implement New York’s Recently Revised J-51 Property Tax Abatement: Public Hearing Scheduled For September 9th
On August 13, 2026, New York City Council Member Pierina Sanchez introduced Intro. 1015-2026, legislation authorizing an expanded version of NYC’s J-51 property tax abatement program for alterations and improvements to qualifying condominium, cooperative and rental apartment buildings.[1] The Committee on Housing and Buildings will hold a public hearing on September 9th.
United States Tax
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Farrell Fritz, P.C.
Article
NYC DOF Finalizes Rules And Sends Notices Implementing The New Pied-à-Terre Tax
New York City's Pied-à-Terre Tax imposes substantial annual surcharges on high-value residential properties that don't serve as primary residences, with rates ranging from 0.8% to 6.5% of assessed value depending on property type and valuation. The Department of Finance has issued implementation guidance and mailed notices to affected property owners, who must now navigate complex exemption requirements and documentation standards by the September 18, 2026 deadline. Critical questions remain unresolved
United States Tax
GT
Greenberg Traurig, LLP
Article
The Pied-à-Terre Tax: New York City’s Newly Enacted Tax On High-Value Non-Primary Residences
New York has enacted an annual "pied-à-terre tax" on high-value New York City non-primary residences, effective July 2026, that could impose significant tax burdens on owners of luxury second homes. The tax applies to properties valued above certain thresholds, with rates varying by property type and value, and extends to properties held through trusts, LLCs, and other business entities. Property owners must understand exemption criteria and prepare documentation to challenge assessments before the Dep
United States Tax
DL
Davis+Gilbert LLP
Podcast
GeTtin’ SALTy Episode 80 | The Real Cost Of Eliminating Property Taxes (Podcast)
Jared Walczak of the Tax Foundation joins the GeTtin' SALTy podcast to examine the growing movement to eliminate real property taxes in the United States, using Ohio as a detailed case study. The discussion explores the fiscal challenges of replacing property tax revenue, the impact on local government accountability, and alternative policy solutions like levy limits and circuit breaker programs that address taxpayer concerns without dismantling the property tax system.
United States Tax
GT
Greenberg Traurig, LLP
Article
The Pied-à-Terre Tax: New Rules, Exemptions, Appeal Deadlines And Penalties
New York's groundbreaking pied-à-terre tax takes effect July 1, 2026, imposing substantial surcharges on non-resident luxury second homes valued over $5 million. With a complex two-phase implementation, aggressive compliance deadlines, and penalties up to 50% for documentation errors, property owners face critical decisions about exemption eligibility and appeal strategies. Understanding the valuation methodologies, primary residence requirements, and procedural pathways is essential for high-net-worth
United States Tax
CS
Cole Schotz P.C.
Article
Breaking Down New Jersey’s “Mansion” Tax: What Buyers And Sellers Need To Know
Recent legislative changes have fundamentally altered New Jersey's Mansion Tax, shifting payment responsibility from buyers to sellers and introducing a graduated fee structure for high-value real estate transactions. Understanding these changes is critical for anyone involved in property sales exceeding $1 million, as the tax can represent a substantial closing cost that affects deal economics and negotiation strategies.
United States Tax
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Scarinci Hollenbeck LLC
Article
Supreme Court Holds That Delinquent Taxpayers Are Not Entitled To Recover Their Property’s Fair Market Value
The Supreme Court unanimously ruled on whether a Michigan county violated constitutional protections when it sold a foreclosed property at public auction for significantly less than its assessed value to satisfy a tax debt. The case examines the meaning of "just compensation" under the Fifth Amendment's Takings Clause and whether keeping proceeds beyond taxes owed constitutes an excessive fine under the Eighth Amendment.
United States Government
MB
Mayer Brown
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