Mansion or not, you can't escape the so-called mansion tax

… mansion tax which kicks in when you purchase a property for $1 million or moreeven if the place you are buying is an apartment Thats because the fee is based on the sales prices not the type of property and it starts at 1 … with a one bedroomso its a closing cost that is shouldered by many buyers The mansion tax aka New York State Tax 1402a …

By Jennifer White Karp |April 14, 2025 - 10:00AM