Welcome to NYC’s 2019 mansion tax. The original version of this tax was created in 1989 by Gov. Mario Cuomo. It was a flat 1% statewide tax on homes that sold for $1 million or more. The 2019 mansion tax was signed in...
Tag - Mansion tax
Mansion Tax FAQs from NYS Dept of Finance – Pub 577
“Tax Law Article 31 imposes a real estate transfer tax on each conveyance of real property, or interest in real property, when the consideration exceeds $500. The tax is computed at a rate of two dollars for each...