New York transfer tax calculator
New York charges the NY State real estate transfer tax at $2.00 per $500 plus the NY State mansion tax (residential $1M+) at 1% of price when $1,000,000 or more. On a $580,000 home at statewide rates, that comes to $2,320. By custom, the seller pays it. In some places, 24 county and city taxes add to it.
Below is every New York transfer tax rate, state, county and city, and who pays it by custom. Pick a county in the calculator to add local rates. Rates checked 2026-09-30.
Free New York seller net sheet calculator
Change any number and the local costs update.
| Real estate commission (5%) | −$29,000 |
| First mortgage payoff | −$350,000 |
| NY State real estate transfer tax | −$2,320 |
| Release / satisfaction recording | −$60 |
| Title insurance and settlement | −$1,750 |
| Other closing fees | −$75 |
| Estimated net to seller | $196,795 |
How much is the transfer tax in New York?
On a $580,000 home, it is about $2,320 at statewide rates. The table lists the state rules and all 24 county and city taxes, with who pays each one by custom.
| Tax | Level | Rate | Who pays by custom |
|---|---|---|---|
| NY State real estate transfer tax | State | $2.00 per $500 | Seller |
| NY State additional transfer tax (NYC residential $3M+)Applies: New York, Kings, Queens, Bronx, Richmond counties; single family, condo, townhome, coop, multi family | State | 0.25% (residential $3M+ in NYC) | Seller |
| NY State additional transfer tax (NYC non-residential $2M+)Applies: New York, Kings, Queens, Bronx, Richmond counties; commercial, land | State | 0.25% (non-residential $2M+ in NYC) | Seller |
| NY State mansion tax (residential $1M+)Applies: except New York, Kings, Queens, Bronx, Richmond; single family, condo, townhome, coop, multi family | State | 1% of price when $1,000,000 or more | Buyer |
| Mansion tax (NYC progressive, residential $1M+)Applies: New York, Kings, Queens, Bronx, Richmond counties; single family, condo, townhome, coop, multi family | City | 1% to 3.9% of the whole price by bracket | Buyer |
| NYC real property transfer tax (residential)Applies: New York, Kings, Queens, Bronx, Richmond counties; single family, condo, townhome, coop, multi family | City | 1% up to $500,000; 1.425% above (whole price) | Seller |
| NYC real property transfer tax (commercial/other)Applies: New York, Kings, Queens, Bronx, Richmond counties; commercial, land | City | 1.425% up to $500,000; 2.625% above | Seller |
| City of Yonkers transfer taxApplies: not coop | City | 1.5% of price | Seller |
| City of Mount Vernon transfer tax | City | 1.5% of the price above $50,000 | Seller |
| City of Peekskill transfer tax | City | 1% of price | Seller |
| Tompkins County transfer tax | County | $1 per $500 | Seller |
| Cortland County transfer tax | County | $1.00 per $500 | Seller |
| Madison County transfer tax | County | $2.00 per $500 | Seller |
| Broome County transfer tax | County | $0.50 per $500 | Seller |
| Erie County transfer tax | County | $2.50 per $500 | Seller |
| Peconic Bay CPF 2% + Community Housing Fund 0.5%Applies: East Hampton, Southampton, Shelter Island | Regional | 2.5% of price above $400,000 (buyer) | Buyer |
| Peconic Bay CPF + Community Housing Fund ($2M+, no allowance)Applies: East Hampton, Southampton, Shelter Island | Regional | 2.5% of the whole price over $2M (buyer) | Buyer |
| Peconic Bay CPF + Community Housing Fund (Southold) | Regional | 2.5% of price above $200,000 (buyer) | Buyer |
| Peconic Bay CPF + Community Housing Fund (Southold, $2M+, no allowance) | Regional | 2.5% of the whole price over $2M (buyer) | Buyer |
| Peconic Bay CPF (Riverhead) | Regional | 2% of price above $150,000 (buyer) | Buyer |
| City of Kingston real estate transfer taxApplies: Ulster County | City | 1.25% of price above $437,000 (buyer) | Buyer |
| Town of Gardiner real estate transfer taxApplies: Ulster County | City | 1.25% of price above $437,000 (buyer) | Buyer |
| Town of Marbletown real estate transfer taxApplies: Ulster County | City | 1% of price above $437,000 (buyer) | Buyer |
| Town and Village of New Paltz real estate transfer taxApplies: Ulster County | City | 1.5% of price above $437,000 (buyer) | Buyer |
| Town of Rochester real estate transfer taxApplies: Ulster County | City | 1% of price above $437,000 (buyer) | Buyer |
| Town of Warwick Community Preservation Fund taxApplies: Orange County; Warwick, Florida, Greenwood Lake | City | 0.75% of price above $100,000 (buyer) | Buyer |
| Town of Chatham real estate transfer taxApplies: Columbia County | City | 1.5% of price above $370,000 (buyer) | Buyer |
| Town of Red Hook real estate transfer taxApplies: Dutchess County | City | 2% of price above $475,000 (buyer) | Buyer |
Who pays the transfer tax in New York?
By custom, the seller pays it. NY State real estate transfer tax: paid by the seller. NY State mansion tax (residential $1M+): paid by the buyer. The purchase contract can change who pays. Local taxes can follow a different custom. The table lists each one.
How does the New York transfer tax change with price?
It goes up with the price. On a $1,000,000 home, it is about $14,000 at statewide rates.
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,000 | $0 | $1,000 |
| $500,000 | $2,000 | $0 | $2,000 |
| $580,000 typical home | $2,320 | $0 | $2,320 |
| $1,000,000 | $4,000 | $10,000 | $14,000 |
Is the New York transfer tax different by county?
Yes. 10 of 62 New York counties have a different total on a $580,000 sale. The rest owe $2,320.
| County | Seller pays | Buyer pays | Total |
|---|---|---|---|
| Bronx County | $10,585 | $0 | $10,585 |
| Broome County | $2,900 | $0 | $2,900 |
| Cortland County | $3,480 | $0 | $3,480 |
| Erie County | $5,220 | $0 | $5,220 |
| Kings County | $10,585 | $0 | $10,585 |
| Madison County | $4,640 | $0 | $4,640 |
| New York County | $10,585 | $0 | $10,585 |
| Queens County | $10,585 | $0 | $10,585 |
| Richmond County | $10,585 | $0 | $10,585 |
| Tompkins County | $3,480 | $0 | $3,480 |
Does New York have a mortgage tax?
Yes. New York also taxes the buyer's new mortgage. Cash buyers do not pay it.
| Tax | Level | Rate | Who pays by custom |
|---|---|---|---|
| NYC mortgage recording tax (borrower share)Applies: New York, Kings, Queens, Bronx, Richmond counties; not coop | City | 1.80% under $500,000; 1.925% at $500,000+ (borrower share) | Buyer |
| Mortgage recording tax (Westchester / Rockland)Applies: Westchester, Rockland counties; except Yonkers; not coop | County | 1.05% borrower (1.30% total) | Buyer |
| Mortgage recording tax (Yonkers)Applies: not coop | City | 1.55% borrower (1.80% total) | Buyer |
| Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)Applies: Nassau, Suffolk, Putnam, Orange, Dutchess counties; not coop | County | 0.80% borrower (1.05% total) | Buyer |
| Mortgage recording tax (upstate, 1.25% counties)Applies: Albany, Cattaraugus, Chautauqua, Cortland, Essex, Genesee, Livingston, Rensselaer, Schenectady, Steuben, Warren, Washington, Wayne, Wyoming counties; not coop | County | 1.00% borrower (1.25% total) | Buyer |
| Mortgage recording tax (upstate, 1.25% counties, local tax instead of the additional tax)Applies: Columbia, Greene counties; not coop | County | 1.00% borrower (1.25% total) | Buyer |
| Mortgage recording tax (upstate, 1.00% counties)Applies: Allegany, Cayuga, Clinton, Delaware, Erie, Franklin, Fulton, Monroe, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Saratoga, Schuyler, Seneca, Tompkins counties; not coop | County | 0.75% borrower (1.00% total) | Buyer |
| Mortgage recording tax (upstate, 1.00% counties, local tax instead of the additional tax)Applies: Broome, Chenango, Hamilton, Herkimer, Lewis, Madison, Otsego, Schoharie, Sullivan, Yates counties; not coop | County | 0.75% borrower (1.00% total) | Buyer |
| Mortgage recording tax (upstate, 0.75% counties)Applies: Chemung, Jefferson, Montgomery, St. Lawrence, Tioga, Ulster counties; not coop | County | 0.50% borrower (0.75% total) | Buyer |
Are there transfer tax exemptions in New York?
Often, yes. Transfers between spouses, to a living trust, and by gift or inheritance are often exempt or taxed less. So are some first-time buyer and low-price sales. In New York, the special rules in the table above apply only in the cases they name. The calculator covers an ordinary home sale. Check an exemption with the title company or the county recorder before you count on it.
Sources
- tax.ny.gov
- nyc.gov/property-real-property-transfer-tax-rptt.page
- nyc.gov/property-mortgage-recording-tax-mrt.page
Checked 2026-09-30. These are estimates, not tax advice. The title or escrow company confirms the final figures.
New York transfer tax questions
How much is the transfer tax in New York?
New York charges the NY State real estate transfer tax at $2.00 per $500 plus the NY State mansion tax (residential $1M+) at 1% of price when $1,000,000 or more. On a $580,000 home at statewide rates, that comes to $2,320. By custom, the seller pays it. In some places, 24 county and city taxes add to it.
Who pays the transfer tax in New York?
NY State real estate transfer tax: paid by the seller. NY State mansion tax (residential $1M+): paid by the buyer. The purchase contract can change who pays. Local taxes can follow a different custom. The table lists each one.
How much is the transfer tax on a $500,000 home in New York?
About $2,000 at statewide rates. A county or city tax adds to it where one applies.
Does the buyer pay transfer tax in New York?
Not by custom. The seller usually pays the New York transfer tax, but some local taxes are split or paid by the buyer.
Is the transfer tax deductible?
Not as a tax. For a seller, the transfer tax is a selling expense that lowers the gain on the sale. A buyer who pays it adds it to the home's cost basis (IRS Publications 523 and 551). Ask a tax adviser about your sale.
When is the transfer tax paid?
At closing. The title or escrow company collects it from the side that owes it. It pays the tax when the deed is recorded.
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