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New York Transfer Tax RatesResidential Title Insurance - Over 20 years of residential title insurance experience has positioned Advantage Title as a leader in the industry. Click here to learn more.
New York Transfer Tax Rates
Revised: 9.12.2008
New York State Transfer Tax (as of 8.1.2006)
$2.00 per $500 of purchase price
Residential

Including 1, 2, 3 family residential dwellings, single unit co-ops or single unit condos.

$2.00 per $500 of purchase price
Commercial
Real Property Transfer Tax
New York City
Residential Commercial
1%
$500,000 and less
1.425%
More than $500,000
1.425%
$500,000 and less
2.625%
More than $500,000

Mt. Vernon
1%
Residential
1%
Commercial

1% of purchase price with a $100,000 exemption (first $100,000 of purchase price is exempt, therefore subtract $100,000 from the purchase price then calculate the 1%).


Peconic Bay
2% (paid by the purchaser)
Residential
2% (paid by the purchaser)
Commercial
Exemptions for Peconic Bay
  • Shelter Island, South Hampton and East Hampton: $250,000 for improved property and $100,000 for unimproved property
  • For more information on exemptions for first time homebuyers in the towns of Southampton, East Hampton and Shelter Island, please read this.
  • Southold and Riverhead: $150,000 for improved property and $75,000 for unimproved property

The applicable exemption amount is subtracted from the purchase price; then calculate the 2% tax.


Yonkers
Residential Commercial
1.5%
More than $25,000
1.5%
More than $25,000
Mansion Tax (Purchase price $1,000,000 or more)
1% (paid by the purchaser)
Residential

Including 1, 2, 3 family residential dwellings, single unit co-ops or single unit condos.

N/A
Commercial

Payment due date for the NYC-RPT is 30 days after delivery. The New York State Transfer Tax and Mansion Tax is due 15 days after delivery. Penalty for late payment.

The delivery date is presumed to be the date shown on the instrument.



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