
The July 24 database identifies about 31,000 high-value homes that may face New York City’s non-primary residence tax, prompting criticism that searchable owner and address data could raise security risks.
New York City published a July 24 online list of about 31,000 properties that may be subject to its new tax on non-primary residences, naming owners, addresses, unit numbers and market values for high-value homes. Critics, including crypto executives, say the downloadable database effectively creates a searchable directory of affluent households and could increase security risks amid a rise in physical "wrench attacks" on crypto holders. The tax took effect July 1. Condos and co-ops can appear on the list starting at $1 million, while houses must be worth at least $5 million, resulting in roughly 24,700 apartments and 6,800 houses. Bloomberg reported that the list also includes prominent potential taxpayers such as a cabinet secretary, President Trump’s niece and an Oscar-nominated director. Property tax lawyer Ben Williams said the screening standard is overly broad and many properties may be removed through appeals; bills are due August 30, owners then have 30 days to object, and the final list is due December 31.