A controversial new tax on second homes in New York City was quietly lowered from $5 million to a “market value” of $1 million — increasing the number of homeowners who will get squeezed as part of Gov. Kathy Hochul’s never-ending budget negotiations. Hochul’s office finally released details of her and Mayor Zohran Mamdani’s new tax on second homes in New York City to the New York Times Thursday, the latest concession to the Democratic socialist mayor and his liberal followers on a tax-hike crusade they say will target the rich. The so-called “pied-a-terre” tax would apply to second homes...