Calculator
NYC Mansion Tax Calculator
The mansion tax kicks in at $1M and runs from 1% to 3.9% on the entire purchase price — not just the portion above the threshold. Plug in any price and see exactly what you owe, where the next cliff sits, and what you save by negotiating below.
Purchase price
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↓ Negotiation opportunity
At $1,999,999 (just below the $2,000,000 threshold), the mansion tax drops to $20,000 — a $5,000 saving on tax alone, plus the price reduction itself.
Full bracket table
Under $1,000,0000.00%
$1,000,000 to $1,999,9991.00%
$2,000,000 to $2,999,9991.25%
$3,000,000 to $4,999,9991.50%
$5,000,000 to $9,999,9992.25%
$10,000,000 to $14,999,9993.25%
$15,000,000 to $19,999,9993.50%
$20,000,000 to $24,999,9993.75%
$25,000,000 and above3.90%
The mansion tax applies to residential real estate purchases of $1M and above in New York State. NYC layers additional brackets on top of the original 1% statewide tax. It’s a cliff tax — the rate applies to the entire price, not just the amount above the threshold. Always paid by the buyer.
Negotiating near a mansion-tax threshold?
A 30-minute call to talk through the cliff math on a specific apartment is usually the highest-ROI conversation you can have before signing a contract.
Schedule a consultation →