Statement of Account Carries the Surcharge Amount
New York City's pied-à-terre tax will appear as a separate surcharge line on your property's Statement of Account, according to DOF's final rules implementing the tax. The surcharge took effect July 1, 2026, and applies to non-primary residences valued above $1 million for condos and co-ops or $5 million for houses.
Administrative Code Section 11-3205(a) requires DOF to include surcharge amounts on the Statement of Account. The department's adopted rules specify that the Statement of Account and assessment roll 'collectively constitute notice of the imposition of the surcharge.'
DOF notes that Statements of Account are generally accessible through a publicly accessible page on the DOF website, making the surcharge disclosure visible to property owners online.
First-Year Exception: Assessment Roll and Tax Bills
For fiscal year 2026-2027 only, DOF treats the assessment roll and tax bills as the formal notice vehicles rather than relying on the Statement of Account. Section 62-07 of the final rules states that 'for the fiscal year beginning on July 1, 2026, the assessment roll and the tax bills for payment for such fiscal year constitute such notice.'
Starting in fiscal year 2027-2028, the standard rule applies. The Statement of Account plus assessment roll together serve as statutory notice of the surcharge.
Conquest's analysis of DOF's July 2026 Supplemental Market Value Roll shows roughly 24,000 units citywide would owe the surcharge if they are non-primary residences. Manhattan accounts for about 20,000 of those units, with condos and co-ops in ZIP codes 10019 and 10012 showing the highest concentrations above the $1 million threshold.
What DOF Discloses and What It Doesn't
The adopted rules detail how DOF provides notice but do not describe any database of second-home owners or cross-referencing methodology to detect non-primary residences. Property owners receive surcharge notices based on DOF's determination of non-primary status as of the January 5 taxable status date preceding each fiscal year.
Consider a Manhattan condo owner whose unit carries a $1.5 million market value on DOF's roll. If the unit qualifies as a non-primary residence, the owner would face a $60,000 annual surcharge under the 4% rate for properties valued between $1 million and $3 million. That amount would appear as a separate line item on the Statement of Account.
Owners have 30 days from a notice's transmission date to appeal their non-primary designation. The exemption application deadline was extended to September 18, 2026, for all property owners who received DOF's 'You may be subject to' notices.