New York Transfer Tax Rates

State Transfer Tax

All Counties (Except Broome, Columbia, Erie, Essex, Tompkins)

$2.00 per $500 of consideration
State transfer tax is paid by the seller.

County Specific

Broome$5.00 per $1,000 of consideration
Columbia$6.00 per $1,000 of consideration
Erie$9.00 per $1,000 of consideration
Essex$6.00 per $1,000 of consideration
Tompkins$6.00 per $1,000 of consideration

Real Property Transfer Tax

New York City

1-3 Family Residential Dwellings, Single Unit Residential Condos or Single Unit Residential Co-ops
$500,000 or less1%
Over $500,0001.425%
All Other Properties
$500,000 or less1.425%
Over $500,0002.625%

Mount Vernon

1% of consideration after an exemption on the first $100,000.

Yonkers

Over $25,0001.5%

Community Preservation Fund Transfer Tax

Peconic Bay

Shelter Island, Southampton and East Hampton
2% of consideration after an exemption on the first $250,000 for improved property or the first $100,000 for unimproved property.
Southold and Riverhead
2% of consideration after an exemption on the first $150,000 for improved property or the first $75,000 for unimproved property.

Town of Red Hook

2% of the difference between the consideration and the median sale price of residential real property in Dutchess County (obtained from this website) if the consideration is above the median sale price.

Town of Warwick

0.75% of consideration after an exemption on the first $100,000 for improved property or the first $50,000 for unimproved property.

Mansion Tax

All Counties

1% for 1-3 family residential dwellings, single unit residential condos or single unit residential co-ops with a consideration of $1,000,000 or more, paid by the purchaser.

For questions, contact our recording department at 631.424.6100 or recordings@advantagetitle.com