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% |
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Columbia County = $1 per $500 of consideration, less exclusion of $150,000 for 1 family properties
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Erie County = $2.50 per $500 of consideration
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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.
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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
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Mt. Vernon = 1% less exclusion of $100,000.00
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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
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City of Peekskill = 1%
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Village of Red Hook = 2%
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Town of Warwick = .75% less $100,000 exclusion for improved proeprty, $50,000 for vacant land
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City of Yonkers = 1.5% tax paid by grantor/no tax due if consideration is $25,000 or less
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Mortgage tax deduction of $30.00 for 1 and 2 family and residential condominium units.
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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:
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Charges set forth above are ESTIMATES only.
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Charges set forth above pertain to Residential Accomodation Recordings only.
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Commercial properties may incur additional charges.
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Charges set forth above are subject to change without notice.
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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:
Phone: (718) 680-4663
Fax: (718) 680-4668
8225 3rd Ave, Brooklyn, NY 11209
Email:
Phone: (718) 680-4663
Fax: (718) 680-4668
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