NYC transfer tax calculator
Put in a sale price, and you'll see the tax and who pays it.
Tiers follow the statute, while the payer listed is the customary one; exemptions do not apply here, and no reductions for first-time buyers either.
- New York City real property transfer tax
- Tiered, New York City
- Transfer tax on real estate
- 0.4% charged on the price
- Rates for title insurance
- Owner's policy, filed by each insurer: the buyer pays
- Recording the deed
- $45 Sullivan County schedule
NYC real property transfer tax rates
Additional base tax, New York City: NYC homes priced at $3 million or more
$0 to $3,000,0000%
$3,000,000 and up0.25%
That band rate covers the whole price.
Who pays NYC transfer tax
| Line | Customary payer | Rate or amount | Source |
|---|---|---|---|
| Transfer tax on real estate | Seller | At 0.4% of the sale amount | tax.ny.gov |
| Real property transfer tax in New York City (New York City) | Negotiable | At 1% up to $500,000, then 1.425% above $500,000 | nyc.gov |
| Supplemental tax, New York City: NYC homes priced at $2 million or more | Buyer | At 0% up to $2,000,000, then 0.25% from $2,000,000 up to $3,000,000, then 0.5% from $3,000,000 up to $5,000,000, then 1.25% from $5,000,000 up to $10,000,000, then 2.25% from $10,000,000 up to $15,000,000, then 2.5% from $15,000,000 up to $20,000,000, then 2.75% from $20,000,000 up to $25,000,000, then 2.9% above $25,000,000 | tax.ny.gov |
| Additional base tax, New York City: NYC homes priced at $3 million or more | Seller | At 0% up to $3,000,000, then 0.25% above $3,000,000 | tax.ny.gov |
| Mortgage recording tax, outside the commuter district (state basic tax, special additional tax and additional tax; county or city add-ons not included) | Buyer | At 1% of the loan amount | tax.ny.gov |
| Owner's title policy | Buyer | filed by each insurer rate | dfs.ny.gov |
| Recording the deed | Buyer | $45 | sullivanny.gov |
| Origination charge | Buyer | At 1% of the loan amount | bankrate.com |
| Appraisal | Buyer | $359 | angi.com |
| Buyer's agent commission | Set in the buyer agreement | 2.42% average | redfin.com |