Nyc Mansion Tax Calculator
Nyc Mansion Tax Calculator . But the new rates will rise incrementally with purchase prices of $2 million or more, starting at 1.25 percent and capping out at a total of 3.9 percent for properties sold at $25 million or above. The mansion tax applies to real estate purchases over $1 million. NYC and NYS Seller Transfer Tax Rates of 1.4 to 2.075 Hauseit® from www.hauseit.com The rates are as follows. If you are purchasing real estate for $1 million or more in new york, you will be subject to paying the mansion tax for that property. The nyc mansion tax is a tax on any properties sold that transact at $1,000,000 or more.