Free Fort Drum, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Fort Drum, New York (Jefferson County). The calculator applies the local rates for you.
- County
- Jefferson County
- Transfer tax on $180,000
- $720
- Seller costs on $180,000
- About $11,605
Fort Drum transfer tax
On a $180,000 sale in Fort Drum, transfer taxes come to $720: NY State real estate transfer tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $720 in mortgage taxes (Mortgage recording tax (upstate, 0.75% counties)).
| Tax | Rate | Paid by | On $180,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $720 |
| Mortgage recording tax (upstate, 0.75% counties) | 0.50% borrower (0.75% total) | Buyer | $720 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $180,000 local median value | $720 | $0 | $720 |
| $250,000 | $1,000 | $0 | $1,000 |
| $500,000 | $2,000 | $0 | $2,000 |
| $1,000,000 | $4,000 | $10,000 | $14,000 |
Example Fort Drum seller net sheet
A $180,000 sale with a 5% commission and a $110,000 mortgage payoff. Seller costs come to about $11,605, or 6.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $180,000 |
| First mortgage payoff | −$110,000 |
| Real estate commission (5%) | −$9,000 |
| NY State real estate transfer tax | −$720 |
| Settlement / closing fee | −$250 |
| Seller's attorney fee | −$1,500 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$75 |
| Estimated net before property tax prorations | $58,395 |
Who pays what in Fort Drum
Fort Drum closings follow Jefferson County customs. In Jefferson County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Fort Drum
Property taxes in Fort Drum run about 1.65% of value a year. Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Town/county taxes billed Jan 1 for the calendar year and school taxes Sep 1 for Jul-Jun are paid in advance; seller is usually credited for prepaid taxes. Across Jefferson County the median tax bill is $2,851 a year on a median home value of $181,000 (Census Bureau American Community Survey, 2019-2023).
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Fort Drum seller questions
How much is the transfer tax in Fort Drum, New York?
On a $180,000 sale in Fort Drum, transfer taxes come to $720: NY State real estate transfer tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $720 in mortgage taxes (Mortgage recording tax (upstate, 0.75% counties)).
How much are seller closing costs in Fort Drum?
On a $180,000 sale with a 5% commission, estimated seller costs are about $11,605 (6.4% of the price). Without commission they are about $2,605. The loan payoff and property tax proration change the final number.
What county is Fort Drum in, and does it matter at closing?
Fort Drum is in Jefferson County, New York. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Jefferson County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Fort Drum?
Property taxes in Fort Drum run about 1.65% of value a year. Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Town/county taxes billed Jan 1 for the calendar year and school taxes Sep 1 for Jul-Jun are paid in advance; seller is usually credited for prepaid taxes. Across Jefferson County the median tax bill is $2,851 a year on a median home value of $181,000 (Census Bureau American Community Survey, 2019-2023).
Other cities in Jefferson County
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