transfer tax: Manhattan Real Estate Q&A: What is the Mansion Tax?
- 01/14/11 01:40 AM
Q: What is the New York Mansion Tax? The definition of a mansion : Middle English, from Anglo-French, from Latin mansion-, mansio, from manēre to remain, dwell; akin to Greek menein to remain First Known Use: 14th century. Abode, A large imposing residence, large structure, stately, chateau, estate, manor, villa.
A: Any one familiar with Manhattan real estate knows the definition of a mansion has nothing to do with the NY Mansion Tax. In Manhattan, the mansion tax is a state tax that is payable by the buyer for transactions of properties priced $1,000,000 or more. The mansion tax is … (4 comments)
Q: What is the New York Mansion Tax?
;)
;)
;)
