A deal reached Sunday morning between the New York State Legislature and Gov. Andrew M. Cuomo includes a so-called “mansion tax” on pricey luxury homes. The New York Times reported that the maximum tax rate under the new tax would be 4.15 percent on the sale of homes worth $25 million or higher. It was not immediately clear at what point the one-time sales tax would kick in. The Democrat & Chronicle reported the revenue […]
source https://therealdeal.com/2019/03/31/state-budget-deal-includes-a-one-time-mansion-tax/
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