NYC Mansion Tax Calculator

Buying for $1 million or more in NYC? You’ll owe the Mansion Tax — a progressive buyer closing cost with 8 brackets running from 1% to 3.9% of the purchase price. Enter your purchase price to see your exact bracket and the tax owed.

Want your full buyer closing costs, not just mansion tax? See our Buyer Closing Cost Calculator, or all our calculators.

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Mansion Tax Owed

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2026 Mansion Tax Brackets
Price Range	Rate
$1,000,000 – $1,999,999	1%
$2,000,000 – $2,999,999	1.25%
$3,000,000 – $4,999,999	1.5%
$5,000,000 – $9,999,999	2.25%
$10,000,000 – $14,999,999	3.25%
$15,000,000 – $19,999,999	3.5%
$20,000,000 – $24,999,999	3.75%
$25,000,000+	3.9%

Glossary

How the Mansion Tax Brackets Work

The rate you land in applies to the entire purchase price, not just the amount above the bracket’s floor — so a $1,999,999 purchase owes 1% on the full price, while $2,000,000 owes 1.25% on the full price. Structuring a price at exactly a bracket floor can matter.

Who Pays the Mansion Tax?

The buyer pays the Mansion Tax, always — it does not shift to the seller even on a new development purchase, unlike NYC and NY State transfer tax.

Does It Apply to Co-ops?

Yes. The Mansion Tax applies the same way to condos, co-ops, and 1-3 family homes at $1 million or more — property type doesn’t change the calculation, only the price does.

Disclaimer: NestApple’s NYC Mansion Tax Calculator is an estimate for reference purposes only. Exact closing costs will vary per transaction. Always consult the closing statement your real estate attorney provides for your transaction’s actual closing costs. NestApple and its affiliates do not provide tax, legal, or accounting advice. NestApple is a licensed real estate broker and professional service provider.