New York imposes a 1 percent mansion tax on residential sales of $1 million or more under NY Tax Law Section 1402-a. The tax is paid by the buyer at closing and applies broadly across Westchester County to single-family homes, condos, and co-ops.
The mansion tax is collected by the NY Department of Taxation and Finance through the Real Property Transfer Tax process. It applies to one to three family homes, condos, and cooperatives sold for $1 million or more. NY State raised an additional progressive supplemental tax on NYC sales of $2 million plus, but Westchester sales remain at the flat 1 percent. Buyers pay at closing on Form TP-584, alongside the state real estate transfer tax of $4 per $1,000 paid by the seller. Westchester County does not add a local mansion tax.
Underreporting or evasion exposes buyers to the unpaid tax plus penalty and interest. Title insurance and recording offices flag the issue at closing, so most violations are caught up front.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Yonkers, NY
Overnight on-street parking is generally allowed on residential streets but subject to alternate-side street-cleaning rules. Some zones require residential p...
Yonkers, NY
Retaining walls over 4 ft tall (from bottom of footing to top) require a building permit and engineered drawings in Yonkers. Walls with surcharge loads requi...
Yonkers, NY
Chickens and livestock generally prohibited in Yonkers residential zones. Zoning code allows only conventional household pets in single-family and multi-fami...
Yonkers, NY
Yonkers enforces New York State smoke and carbon monoxide alarm requirements under 19 NYCRR Part 1225 (Uniform Fire Prevention and Building Code). All dwelli...
Yonkers, NY
Yonkers is not in a designated wildfire zone. New York does not maintain WUI (wildland-urban interface) fire hazard maps, and Yonkers is a dense urban city i...
Yonkers, NY
Yonkers is an urban municipality with no defensible-space brush-clearance mandate. Property owners must keep lots free of overgrowth, debris, and nuisance ve...
See how Yonkers's mansion tax (measure ula) rules stack up against other locations.
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