![]() ![]() The New York estate tax is a "tax cliff." That means if the value of the estate is more than 105% of the current exemption, the exemption won't be available, and the entire estate will be subject to state estate tax. Taxable gifts made by the decedent as a New York resident within three years prior to death are included as part of the estate. ![]() For 2023, estates exceeding $6.58 million are subject to New York's estate tax. There is no inheritance tax in New York, but there is an estate tax. $6.44 per gallon (additional $1 per gallon in NYC) $0.14 per gallon (additional $0.12 in NYC) $2 per ounce ($2 for single container if under 1 ounce) New York motor vehicle tax is among the highest in the country. Motor fuel taxes average $0.48 but can vary by county. Motor vehicle purchases are taxable at state and local sales tax rates, but residents do not need to pay a personal property tax.
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