New York's wealthy rush to avoid Mamdani's second-home tax

Wealthy New Yorkers are seeking exemptions to Mayor Zohran Mamdani's second-home tax, with thousands filing applications to avoid the levy.New York City Hall confirmed to FOX Business that as of Monday, about 4,800 property owners have started the process of applying for an exemption to the pied-à-terre tax. Of that total, about 2,000 property owners have completed their exemption applications.The pied-à-terre tax is levied on single-family homes, apartments and condos that are use