What it now costs you not to live in your New York place.
As of July 1, 2026, New York City adds an annual surcharge to condos, co-ops and houses that aren't the owner's primary residence. Enter your numbers below. The pink line is the surcharge. Everything else is the cost you were already carrying. Fields with a colored underline are yours to edit.
New York City
Monmouth County
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Five fiscal years of the surcharge alone, if you hold and nothing changes. The law sunsets June 30, 2031 unless renewed.
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Want the other half of the math?
What you'd actually net selling in New York, and what this budget buys in Rumson, Sea Bright or Atlantic Highlands right now. Comment NYC on the reel or DM @10hoeveadvisory and we'll run both — 15 minutes, no pitch.
Estimates only, not tax or legal advice. Surcharge computed under Phase 1 rules (July 2026–June 2028): condos and co-ops assessed at $1M+ pay 4% ($1M–$3M), 5.25% ($3M–$5M) or 6.5% ($5M+) of DOF assessed value; 1–3 family homes pay nothing on the first $5M of DOF valuation, then 0.8% to $15M, 1.05% to $25M and 1.3% above. Rates and thresholds shift in Phase 2 (July 2028). The rollout is currently subject to litigation. Confirm your own exposure at nyc.gov/npsurcharge and with your CPA.
