Transfer/ Mortgage Tax Rates

PROPERTY TYPE & SALES PRICE	TRANSFER TAX NYS TRANSFER TAX	TRANSFER TAX NYS MANSION TAX	TRANSFER TAX NYC RPT TAX	MORTGAGE TAX NYC MORTGAGE TAX	MORTGAGE TAX OUTSIDE NYC
1-3 Family Residential Condo or Co-op Unit $500,000.00 or less	$2.00 per $500.00	N/A	1,000%	Up to $499,999.99 = 2.05% *See note.	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
1-3 Family Residential Condo or Co-op Unit $500,000.01 to $999,999.99	$2.00 per $500.00	N/A	1,425%	$500,000.00 and Greater = 2,175% *See note.	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
1-3 Family Residential Condo or Co-op Unit $1,000,000.00 to 2,999,999.99	$2 per $500.00	NYC ONLY $1,000,000.00 to $1,999,999.99 = 1% $2,000,000.00 to $2,999,999.99 = 1.25% $3,000,000.00 to $4,999,999.99 = 1.5%	1,425%	2,175% *See note.	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
1-3 Family Residential Condo or Co-op Unit $3,000,000.00 and Greater	$3.25 per $500.00	$5,000,000.00 to $9,999,999.99 = 2.25% $10,000,000.00 to $14,999,999.99 = 3.25% $15,000,000.00 to $19,999,999.99 = 3.5% $20,000,000.00 to $24,999,999.99 = 3.75% $25,000,000.00 and Greater = 3.9% OUTSIDE NYC NY STATE = 1%	1,425%	2,175% *See note.	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $500,000.00 or less	$2.00 per $500.00	N/A	1,425%	Up to $499,999.99 = 2.05% *See note.	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $500,000.01 to $999,999.99	$2.00 per $500.00	N/A	2,625%	$500,000.00 and Greater = 2.8%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $1,000,000.00 to $1,999,999.99	$2.00 per $500.00	N/A	2,625%	2.8%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $2,000,000.00 and Greater	$3.25 per $500.00	N/A	2,625%	2.8%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
Payment due date	15 days after delivery	15 days after delivery	30 days after delivery	N/A	N/A
Penalties for late payment	10% penalty plus 2% month or part thereof up to 25%	10% penalty plus 2% month or part thereof up to 25%	5% per month up to 25% plus interest	N/A	N/A

See below for transfer tax rates in additional municipalities.

Notes:

Peconic Bay Tax	Improved Exemption Deduction	Unimproved Exemption Deduction	Exemption Cap	Rate
East Hampton	$400,000.00	$100,000.00	$2,000,000.00	2.5%
Shelter Island	$400,000.00	$10,000.00	$2,000,000.00	2.5%
Southampton	$400,000.00	$100,000.00	$2,000,000.00	2.5%
Southold	$200,000.00	$75,000.00	N/A	2.5%
Riverhead	$150,000.00	$75,000.00	N/A	2.0%

Columbia County = $1 per $500 of consideration, less exclusion of $150,000 for 1 family properties
Erie County = $2.50 per $500 of consideration
Town of Gardiner = 1.25% of consideration (Note: there is an exemption to the extent of the median sales price of residential real property in Ulster County which is currently $320,000.00.
Town of Marbleton = 1% of consideration (Note: there is an exemption to the extent of the median sales price of residential real property in Ulster County which is currently $320,000.00
Mt. Vernon = 1% less exclusion of $100,000.00
Town of New Paltz Transfer Tax = 1.5% of the consideration, less a $245,000 exclusion (Exclusion is based on the Median sales price of residental properties located within the town of New Paltz and is updated annually-$245,000 is the 2020 MSP). NO exemptions for transfers greater than $2,000,000.00
City of Peekskill = 1%
Village of Red Hook = 2%
Town of Warwick = .75% less $100,000 exclusion for improved proeprty, $50,000 for vacant land
City of Yonkers = 1.5% tax paid by grantor/no tax due if consideration is $25,000 or less
Mortgage tax deduction of $30.00 for 1 and 2 family and residential condominium units.
If the mortgage is less than $10,000.00, deduction does not apply however the mortgage tax rate is reduced by 0.30%.

Tax rates are subject to change without notice please use the rate calculator for an accurate calculation of taxes due.

Recording Fees

DOCUMENT TYPE	PRICE Kings, Queens, Bronx, New York and Richmond	PRICE Nassau	PRICE Suffolk	PRICE Westchester and Northern
Deed	$350.00	$700.00	$550.00	$350.00
Mortgage	$325.00	$700.00	$700.00	$325.00
Assignment of Mtg.	$150.00	$500.00	$625.00	$175.00
Agreements (CEMA, Mod Etc)	$375.00	$700.00	$750.00	$375.00
Satisfaction/ Release	$125.00	$550.00	$625.00	$175.00
Assignment of Leases and Rents	$240.00	$650.00	$600.00	$300.00
RPTT/RETT Filing	$250.00	NA	NA	NA
Sundry/ Misc. Agreements	$225.00	$600.00	$450.00	$350.00
Power of Attorney	$175.00	$550.00	$450.00	$250.00
UCC County	$120.00	$500.00	$125.00	$125.00
UCC NY SOS	$120.00	$120.00	$120.00	$120.00
Transfer Document Prep	$175.00	$175.00	$175.00	$175.00
Tax Map Verification (Per Doc)	NA	$270.00	NA	NA

Notes:

Charges set forth above are ESTIMATES only.
Charges set forth above pertain to Residential Accomodation Recordings only.
Commercial properties may incur additional charges.
Charges set forth above are subject to change without notice.
Please provide a draft of the document(s) to be recorded in advance for exact fee calculation.

Home Abstract Corp.

8225 3rd Ave, Brooklyn, NY 11209
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (718) 680-4663
Fax: (718) 680-4668

Home Abstract Corp. has placed the information on this website as a service to the general public. Use of this website and the information contained thereon does not in any manner constitute legal advice from Home Abstract Corp. to the user. Nothing herein shall serve to create an attorney/client relationship between Home Abstract Corp. and the user. While the information on this site may concern legal issues, it is not intended as legal advice or as a substitute for the particularized advice of your own legal counsel. Anyone seeking specific legal advice or assistance concerning the information available on this website should retain their own attorney for such legal counsel.

This website could include inaccuracies or typographical errors. The materials on this website are not guaranteed to be correct, complete, or up‐to‐date after the date of posting. The articles and information on this website are provided AS-IS; without warranty of any kind, either express or implied.

Each individual document published by Home Abstract Corp. on this website may contain other proprietary notices and copyright information relating to that specific document. Home Abstract Corp. hereby authorizes you to view, store, print and copy any pages within this website solely for your personal information and use and not for resale, re-publication, or further on-line or mass distribution. In consideration of this authorization, you agree that (a) any copy of the information or documents which you make shall retain all copyright and other proprietary notices contained herein and (b) nothing on this website shall be reproduced, sold, or distributed to third parties on-line or by mass mailing without the express written consent of Home Abstract Corp.

Some links within the Home Abstract Corp. website may lead to other sites that we believe may be useful or informative. The Home Abstract Corp. website does not incorporate any materials appearing in such linked sites by reference. These links to third party sites or information are not intended as, and should not be interpreted by you as, constituting or implying our endorsement, sponsorship, or recommendation of the third-party information, products, or services found there. We do not maintain or control these sites and accordingly make no guarantee concerning the accuracy, reliability, or currency of the information found thereon.

Transfer/ Mortgage Tax Rates

Recording Fees

Home Abstract Corp.

Join Our Newsletter