NYC Professor's Mansion Tax Mix-Up Resolved by 7 On Your Side

Mansion Tax Error

• 💡 A college math professor, Steve Warner, encountered a tax problem after purchasing an apartment in New York City in 2022.
• 🎯 When buying property over a million dollars in NYC, a mansion tax is required, which was $13,000 for Warner.

Audit and Misdirected Funds

• 🔍 After two years, Warner received an audit from New York State stating the mansion tax was never received.
• ⚠️ A mistake at closing resulted in the $13,000 being paid to the city instead of the state.
• ⏳ Warner discovered the error two and a half years later, past the one-year window to claim the money back from New York City law.

7 On Your Side Intervention

• 🤝 Warner's title company and the city were unable to resolve the issue, and he was told he couldn't get the money back.
• ⚡ 7 On Your Side contacted the city's department of finance, highlighting the discrepancy.
• ✅ Within a week, the $13,000 was correctly transferred to the state, resolving the mix-up for Warner.