Answers · current to October 2026
New York and the exit.
New York charges nothing for moving out. A nonresident who later sells New York real estate prepays 10.9% of the gain before the deed is recorded.
In short, current to October 2026
- New York levies no tax on leaving the state. It keeps taxing a former resident on New York-source income, including gains on New York real estate.
- A nonresident individual, estate or trust selling New York real property pays estimated tax of 10.9% of the gain with Form IT-2663 before the deed is recorded (Tax Law section 663). A co-op uses Form IT-2664.
- On a $3,000,000 sale with a $1,000,000 gain that is $109,000, credited on the nonresident return for the year and not refundable before it is filed.
- On $1,000,000 of income, New York costs $107K a year more than Miami, federal tax being equal at both.
- Current to October 2026. Not tax advice. Confirm a sale or a move with counsel before relying on any figure.
Official sources: New York State Senate, New York State Department of Taxation, US Internal Revenue Service. Checked against them between and .
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Does New York have an exit tax? 2026, patrician.ch/answers/new-york-exit-tax/, October 2026.
