ZIP codes 10014 · DOF Supplemental Market Value Roll, July 2026
A low-rise district where the exposure hides in the newest buildings
The West Village is one of Manhattan's most protected streetscapes — a historic district of brownstones, walk-up co-ops, and townhouses that never gave way to the tower boom. That character shapes how the pied-à-terre surcharge falls here. DOF's roll shows 3,428 condo and co-op units across the 10014 ZIP, and just 562 of them — about 16 percent — carry a market value above the $1,000,000 threshold where the surcharge begins. Much of the classic housing stock sits under the line or is owner-occupied, so the median unit here is valued at $466,146, well below the point where anyone owes.
The concentration instead sits in the small number of newer, boutique condos that command West Village prices per square foot. Across every unit over the line, the maximum combined annual surcharge the neighborhood could generate is $48.3 million — a figure that assumes every one of those 562 units is a non-primary residence taxed at its full bracket.
Townhouses play by a different rulebook
The surcharge is charged on a unit's DOF market value — the "Market Value" line on your Notice of Property Value — not the assessed value and not what you last paid. For condos and co-ops, the rate is flat on the full market value once you cross $1,000,000: 4 percent from $1M to $3M, 5.25 percent from $3M to $5M, and 6.5 percent above $5M. A $1.5 million condo used as a second home would owe $60,000 a year.
The West Village's many single-family and two- to three-family townhouses sit on an entirely separate schedule: the threshold there is $5,000,000, with rates of 0.8 to 1.3 percent. The building counts below cover condo and co-op units only, but townhouse owners should know they are measured differently.
Where the surcharge concentrates
Because the exposure clusters in a few addresses rather than spreading across the district, a short list of boutique condos accounts for most of the units over the line. The buildings below carry the most units above the $1,000,000 threshold.
| Building | Units over $1M |
|---|---|
| 150 Charles Street | 75 |
| 1 Morton Square | 31 |
| 400 West 12 Street | 26 |
| 345 West 13 Street | 26 |
| 275 West 10 Street | 26 |
| 160 Leroy Street | 21 |
Frequently asked questions
Does the pied-à-terre tax apply to the West Village?
Yes. The surcharge applies anywhere in New York City, including the West Village (ZIP 10014). But it only reaches non-primary residences valued above the threshold. Of the 3,428 condo and co-op units on DOF's roll here, 562 — about 16 percent — exceed the $1,000,000 condo/co-op threshold. The median unit is valued at $466,146, so most West Village apartments fall under the line entirely.
How much is the pied-à-terre tax at 150 Charles Street?
150 Charles Street has the most exposed units in the West Village — 75 units above the $1,000,000 threshold. The exact bill depends on each unit's DOF market value: 4 percent from $1M to $3M, 5.25 percent from $3M to $5M, and 6.5 percent above $5M, charged on the full market value. A $4 million unit used as a second home would owe $210,000 a year. Check your own unit's Market Value on its Notice of Property Value.
I own a West Village townhouse — do I owe the pied-à-terre tax?
Townhouses fall on a different schedule than condos and co-ops. For a 1-, 2-, or 3-family house, the threshold is $5,000,000, not $1,000,000, and the rates are 0.8 to 1.3 percent rather than 4 to 6.5 percent. You owe only in years the house is not your primary residence — and only if its DOF market value clears $5 million. Many West Village townhouses are owner-occupied and owe nothing.
How is my small West Village co-op valued for the surcharge?
DOF values the entire co-op building as one tax lot, then imputes a value to your unit by its fractional share of the building. That per-unit figure appears on the July 2026 Supplemental Market Value Roll. The surcharge is charged on that imputed market value, not on your last sale price or your maintenance. Many small pre-war West Village co-ops fall under the $1,000,000 threshold once split this way.
Which West Village buildings have the most units over the threshold?
The concentration sits in the neighborhood's boutique luxury condos. By units above the $1,000,000 threshold: 150 Charles Street (75), 1 Morton Square (31), 400 West 12 Street (26), 345 West 13 Street (26), 275 West 10 Street (26), and 160 Leroy Street (21). Much of the district's older co-op and townhouse stock sits under the line or is owner-occupied.
How do I avoid the tax on my West Village apartment?
There are three ways to owe nothing. Occupy the unit more than half the year as a primary residence — yours or an immediate family member's (spouse, child, sibling, parent, grandparent, or grandchild). Or lease it at arm's length for 12 months or more. Or sell it. The surcharge applies only in years the unit is not someone's primary residence, so establishing primary use is the cleanest path.
A DOF notice arrived about my West Village unit — what do I do?
Read the Market Value line first — that is the figure the surcharge is charged on. Confirm whether it exceeds $1,000,000 (condo/co-op) or $5,000,000 (townhouse). Then determine whether the unit is a primary residence for you or immediate family; if so, you likely owe nothing but may need to certify it. If the value looks wrong, DOF has an appeal process. Do not ignore the notice — the surcharge takes effect July 1, 2026.
How do I check my West Village unit's DOF value for free?
Look up your property on the NYC Department of Finance website using your address or BBL. The Notice of Property Value shows the "Market Value" line — the figure the surcharge is based on. This is free and public. Do not use your last sale price or your assessed value as a substitute; only the DOF market value determines whether you cross the threshold and at what rate.
When does the pied-à-terre tax start, and could the amount change?
The surcharge takes effect July 1, 2026. Phase 1 runs through June 30, 2028. In 2028, Phase 2 re-tests values against comparable sales, so a unit's market value — and therefore its surcharge — can shift then. For now, your bill is driven by your current DOF market value and whether the unit is a non-primary residence in a given year.
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Check My Unit — FreeMethodology. Figures aggregate DOF's Supplemental Market Value Roll (July 2026) for ZIP codes 10014; ZIP boundaries approximate neighborhood borders, so edge blocks may sit in an adjacent total. Condo, co-op and mixed condo units only. "Max annual surcharge" assumes no unit qualifies for an exemption; actual collections will be lower. The surcharge is a flat statutory rate on the unit's full DOF market value once over the $1,000,000 threshold, charged only for years the unit is not a primary residence. Educational information, not tax or legal advice.