800.285.1551
ADVANTAGE FORECLOSURE    |    ADVANTAGE LEGAL    |    ADVANTAGE SETTLEMENT    |    MORTGAGE ADVANTAGE
Advantage Title
 
New York Mortgage Tax RatesLooking for commercial financing or residential financing? Let Mortgage Advantage find the perfect loan program for you. Visit www.mortgageadvantage.com to learn more.
New York Mortgage Tax Rates
Revised: 12.01.2009
New York City
Residential Commercial (not 1, 2, 3 family or condo)
2.05%
Loan amount less than $500,000

The borrower pays 1.80% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

2.05%
Loan amount less than $500,000

The borrower pays the entire amount.

2.175%
$500,000 and more

The borrower pays 1.925% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

2.80%
$500,000 and more

The borrower pays the entire amount.

Orange, Putnam, Dutchess, Nassau and Suffolk
1.05%
Residential

The borrower pays .80% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

1.05%
Commercial

The borrower pays the entire amount.

Rockland
1.30%
Residential

The borrower pays 1.05% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

1.30%
Commercial

The borrower pays the entire amount.

Westchester (except Yonkers)
1.30%
Residential

The borrower pays 1.05% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

1.30%
Commercial

The borrower pays the entire amount.

Yonkers
1.80%
Residential

The borrower pays 1.55% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*

The lender pays .25% if the property is a 1-6 family.

1.80%
Commercial

The borrower pays the entire amount.

* For mortgages less than $10,000, the mortgage tax is .30% less than the regular applicable rate.

A .25% exemption is permitted pursuant to Sec. 253 of the Tax Law for transactions involving 1-6 family dwellings where the lender is a natural person. This exemption does not apply to vacant land.



For contact information for all New York State County Clerk offices, please click here.