The following tax rates are for individuals who died on or after April 1, 2016 and on or before March 31, 2017.
If the New York taxable estate is | ||||||
over | but not over | the tax is: | ||||
0 | $ 500,000 | 3.06% | of taxable estate
of the excess over |
|||
500,000 | 1,000,000 | 15,300 | plus | 5.0% | 500,000 | |
1,000,000 | 1,500,000 | 40,300 | plus | 5.5% | ” ” ” ” “ | 1,000,000 |
1,500,000 | 2,100,000 | 67,800 | plus | 6.5% | ” ” ” ” “ | 1,500,000 |
2,100,000 | 2,600,000 | 106,800 | plus | 8.0% | ” ” ” ” “ | 2,100,000 |
2,600,000 | 3,100,000 | 146,800 | plus | 8.8% | ” ” ” ” “ | 2,600,000 |
3,100,000 | 3,600,000 | 190,800 | plus | 9.6% | ” ” ” ” “ | 3,100,000 |
3,600,000 | 4,100,000 | 238,800 | plus | 10.4% | ” ” ” ” “ | 3,600,000 |
4,100,000 | 5,100,000 | 290,800 | plus | 11.2% | ” ” ” ” “ | 4,100,000 |
5,100,000 | 6,100,000 | 402,800 | plus | 12.0% | ” ” ” ” “ | 5,100,000 |
6,100,000 | 7,100,000 | 522,800 | plus | 12.8% | ” ” ” ” “ | 6,100,000 |
7,100,000 | 8,100,000 | 650,800 | plus | 13.6% | ” ” ” ” “ | 7,100,000 |
8,100,000 | 9,100,000 | 786,800 | plus | 14.4% | ” ” ” ” “ | 8,100,000 |
9,100,000 | 10,100,000 | 930,800 | plus | 15.2% | ” ” ” ” “ | 9,100,000 |
10,100,000 | …………………. | 1,082,800 | plus | 16.0% | ” ” ” ” “ | 10,100,000 |
If you are looking for representation in court, in drafting and filing tax forms or to represent you before the state of New York in tax disputes, call New York estate lawyer Albert Goodwin, Esq. at (212) 233-1233.