NEW YORK STATE TRANSFER TAX RATES
County County State Total
Tax Rate Tax Rate Tax Rate
· Residential* 1-3 Family under $500,000 1.00% 0.40% 1.40%
· Residential* 1-3 Family over $500,00 but under 1.425% 0.40% 1.825%
$1,00,000
· Residential* 1-3 Family over $1,000,000
requires the addition of the 1.00% “Mansion” Tax 1.425% 1.40% 2.825%
· All other properties (including Commercial) under 1.425% 0.40% 1.825%
$500,000
· All other properties (including Commercial) over 2.625% 0.40% 3.025%
$500,000
· Residential 1-3 Family under $1,000,000 ** and 1.00% 0.40% 1.40%
all other properties
· Residential 1-3 Family over $1,000,000 1.00% 1.40% 2.40%
Westchester – Mt. Vernon (Taxable consideration for Mt. Vernon Tax is Purchase price less $100,000 exclusion)
· Residential 1-3 Family under $1,000,000 and all 1.00% 0.40% 1.40%
other properties
· Residential 1-3 Family over $1,000,000 1.00% 1.40% 2.40%
· Residential 1-3 Family under $1,000,000 and all ------ 0.40% 0.40%
other properties ------
· Residential 1-3 Family over $1,000,000 1.40% 1.40%
Suffolk County- East Hampton, Shelter Island &
Southampton
(Taxable consideration for Peconic Bay Tax Purchase Price less $250,000 exclusion
for improved property and less $100,000 exclusion for unimproved properties)
· Residential 1-3 Family under $1,000,000 and all 2.00% 0.40% 2.40%
other properties
· Residential 1-3 Family over $1,000,000 2.00% 1.40% 3.40%
Price $150,000 exclusion for improved property and less $75,000 exclusion for improved properties)
· Residential 1-3 Family under $1,000,000and all 2.00% 0.40% 2.40%
other properties
· Residential 1-3 Family over $1,000,000 2.00% 1.40% 3.40%
· Residential 1-3 Family under $1,000,000 and all ------ 0.40% 0.40%
other properties
· Residential 1-3 Family over $1,000,000 ------ 1.40% 1.40%
· Residential 1-3 Family under $1,000,000 and all 0.90% .040% 1.30%
other properties
· Residential 1-3 Family over $1,000,000 0.90% 1.40% 2.30%
· Residential 1-3 Family under $1,000,000 and all ------ 0.40% 0.40%
other properties
· Residential 1-3 Family over $1,000,000 ------ 1.40% 1.40%
*When
more than one condo or coop unit (each with a kitchen) is transferred the
transaction counts as commercial for New York City Tax purpose.
**No County Tax if Consideration is under $25,000.