What You Need to Know About the NYS Transfer and Mansion Tax Changes

What You Need to Know About the NYS Transfer and Mansion Tax Changes

What constitutes a mansion in New York City? For the past several decades, buyers of residential property in New York City have had to pay a surcharge of 1% on all sales for over $1 million; that surcharge is known as the “Mansion Tax.” At the time it was imposed, the...

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