state_legiscan_drain · NY
Enacts the "middle-class homebuyer protection act" to increase the additional tax imposed on residential real property if the consideration for the conveyance from $1,000,000 to $4,500,000 where the residential structure contains five thousand square feet or more of livable interior space.
April 1, 2026
Summary
If enacted, this bill would increase the additional tax imposed on conveyances of residential real property in New York from $1,000,000 to $4,500,000 for properties with at least 5,000 square feet of livable interior space. The bill targets high-value, large homes and would affect buyers, sellers, and real estate professionals involved in such transactions.
Source: https://www.nysenate.gov/legislation/bills/2025/A10812
Common questions
- What does "Enacts the "middle-class homebuyer protection act" to increase the additional tax imposed on residential real property if the consideration for the conveyance from $1,000,000 to $4,500,000 where the residential structure contains five thousand square feet or more of livable interior space." cover?
- If enacted, this bill would increase the additional tax imposed on conveyances of residential real property in New York from $1,000,000 to $4,500,000 for…
- When was it published?
- It was published on April 1, 2026.