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

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

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