NEW YORK STATE TRANSFER TAX RATES

County County State Total

Tax Rate Tax Rate Tax Rate

New York, Kings, Queens, Bronx, Richmond

· 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

Westchester – Yonkers

· 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%

Westchester – All other locations

· 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%

Suffolk County – Riverhead & Southold (Taxable consideration for Peconic Bay Tax is Purchase

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%

Suffolk County - All other locations

· 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%

Erie County

· 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%

All other locations in New York State

· 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.