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Estate and Inheritance Tax in New York

New York has a state estate tax with a basic exclusion amount of $7,350,000 for deaths in 2026 and a top rate of 16%.

Last checked . General information, not legal advice.

New York at a glance

State estate tax
Yes
Estate tax exemption
$7,350,000 (2026)
Indexed for inflation each year. It was $7,160,000 for deaths in 2025.
Top estate tax rate
16%
Applies to the New York taxable estate over $10,100,000.

Sources

Last checked

The rules in New York

Does New York have a state estate tax?

Yes. State estate tax in New York: yes.

What is the estate tax exemption in New York?

Estate tax exemption in New York: $7,350,000 (2026). Indexed for inflation each year. It was $7,160,000 for deaths in 2025.

What is the top estate tax rate in New York?

Top estate tax rate in New York: 16%. Applies to the New York taxable estate over $10,100,000.

Where do the New York estate and inheritance tax rules come from?

The rules above come from N.Y. Tax Law 952. Each source is linked on this page. We last checked them in October 2026.

Good to know

New York calculates the tax with the table on Form ET-706 for the year of death.

What this means in practice

State estate tax exemptions can be much lower than the federal exemption, so an estate that owes no federal tax may still owe state tax. Some states adjust their exemption each year for inflation, so check the amount for the year of death.

Real estate is generally taxed by the state where it is located. A person who lives in one state and owns land in another may need to consider the rules of both states, which is one reason some people hold out-of-state property in a living trust.

Estate and inheritance tax returns have filing deadlines and may require payment before the estate is closed. Executors often work with a tax professional to value assets, claim deductions such as the marital and charitable deductions, and file on time.

General information, not legal advice. Laws change, and cities can add their own rules, so check the current statute before you rely on it.