Mansion Tax Nyc Calculator
Mansion Tax Nyc Calculator . Prior to the adoption of the new legislation, the applicable mansion tax rate was 1% of the total consideration. According to the cpi inflation calculator, $1 million in 1989 is today worth a little over $2 million. NYC Mansion Tax Calculator for Buyers [Interactive] Hauseit® from www.hauseit.com The tax is 1% of the sales price. All real estate purchases over $1,000,000 are subject to mansion tax. Buyers traditionally have to pay the mansion tax.