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This week, many of our readers were relieved to find out that the newly passed New York state budget did not include a proposed annual pied-à-terre tax. It does however, include a revamped version of the "mansion tax." This one-time tax has been scaled for the first time ever, so once you go over $1 million, the bigger the price tag, the more you pay. Readers were also interested in a first quarter market report from Douglas Elliman that saw a steep drop in sales of new development.
Here, in full, are the week's top stories.