NYC Mansion Tax Calculator
Calculate NYC Mansion Tax and transfer taxes for your property purchase based on sale price and property type.
Property Details
💡 About NYC Transfer Taxes
NYC transfer taxes vary by property type. Residential properties under $1M don't pay mansion tax, while commercial properties have higher transfer tax rates.
This calculator provides estimates for informational purposes only and is not legal, tax, or financial advice. Actual costs and requirements vary by property, contract, building, lender, and location and may change over time. Verify all figures with your attorney, lender, and closing agent before relying on them.
Estimated Total Transfer Taxes
$42,375
2.83% of purchase price
NYS Mansion Tax
$15,000
1%
NYS Transfer Tax
$6,000
0.4%
NYC Transfer Tax
$21,375
1.43%
Seller Pays
$27,375
1.83%
Buyer Pays
$15,000
1%
Buyer Pays: $15,000 (1%) in mansion tax
Seller Pays: $27,375 (1.83%) in transfer taxes
Transaction Summary
Sale Price
$1,500,000
Total Taxes
$42,375
Buyer Pays
$15,000
Seller Pays
$27,375
Choose How You Want to Connect?
Licensed real estate broker in NYC & NJ with over 25 years of experience. Specializing in residential sales, new developments, and investment properties. Let me help you find your perfect home and maximize your rebate.