Luxury Peak Forums - View Single Post - What is the New York State luxury tax on real estate?

Anna · 11-03-2008, 11:10 AM

Is there a certain price when you have to pay additional taxes above & beyond the normal rates? If so, how much is it for NY State?
Yes, I've already searched the New York State website section on revenue/treasury section. Sadly, it didn't provide the information.
Sunny, thanks for the insights. However, do you know if there is a luxury tax on homes over a million dollars. I realize the more home the more taxes you will pay but I'm primarily concerned with the luxury tax.

11-03-2008, 11:10 AM	#1 (permalink)
Anna Junior Member Anna is offline Join Date: Nov 2008 Posts: 1	What is the New York State luxury tax on real estate? Is there a certain price when you have to pay additional taxes above & beyond the normal rates? If so, how much is it for NY State? Yes, I've already searched the New York State website section on revenue/treasury section. Sadly, it didn't provide the information. Sunny, thanks for the insights. However, do you know if there is a luxury tax on homes over a million dollars. I realize the more home the more taxes you will pay but I'm primarily concerned with the luxury tax.