800 Westchester Avenue
Suite S-514
Rye Brook, New York 10573
Phone: 914-644-6100
Fax: 914-644-6159

NYC Tax Guide


RESIDENTIAL

New York City Transfer and Mortgage Tax Guide for
1-2-3 Family House, Individual Residential Condo Unit, or Individual Co-Op Unit
(As of July 1, 2019)
Amount New York City RPT New York State Transfer Tax Mansion Tax
(Base + Supplemental)
Mortgage Tax
(Except Co-Op)
Less than $500,000.00 1.000% $2.00 per $500 (0.4%) N/A 2.050%
minus $30 for 1-2  Family
Exactly $500,000.00 1.000% $2.00 per $500 (0.4%) N/A 2.175%
minus $30 for 1-2  Family
$500,000.00 to
$999,999.99
1.425% $2.00 per $500 (0.4%) N/A 2.175%
minus $30 for 1-2  Family
$1,000,000.00 to
$1,999,999.99
1.425% $2.00 per $500 (0.4%) 1.00% 2.175%
minus $30 for 1-2  Family
$2,000,000.00 to
$2,999,999.99
1.425% $2.00 per $500 (0.4%) 1.25% 2.175%
minus $30 for 1-2  Family
$3,000,000.00 to
$4,999,999.99
1.425% $3.25 per $500 (0.65%) 1.50% 2.175% 
minus $30 for 1-2  Family
$5,000,000.00 to
$9,999,999.99
1.425% $3.25 per $500 (0.65%) 2.25% 2.175%
minus $30 for 1-2  Family
$10,000,000.00 to
$14,999,999.99
1.425% $3.25 per $500 (0.65%) 3.25% 2.175%
minus $30 for 1-2  Family
$15,000,000.00 to
$19,999,999.99
1.425% $3.25 per $500 (0.65%) 3.5% 2.175%
minus $30 for 1-2  Family
$20,000,000.00 to
$24,999,999.99
1.425% $3.25 per $500 (0.65%) 3.75% 2.175%
minus $30 for 1-2  Family
$25,000,000.00 or more 1.425% $3.25 per $500 (0.65%) 3.90% 2.175%
minus $30 for 1-2  Family
Typically paid by Seller Seller Buyer Buyer/Borrower
Payment due date (delivery date is presumed to be date shown on instrument) 30 days after delivery 15 days after delivery 15 days after delivery Upon recording
Penalty for late payment 5% per month, (up to 25%) plus interest 10% penalty plus 2% interest penalty (up to 25%) plus interest 10% penalty plus 2% interest penalty (up to 25%) plus interest N/A


COMMERCIAL

City of New York Transfer and Mortgage Tax Guide for
All Others (NOT 1-2-3 Family Residential, Co-Op or Condo Unit)
(As of July 1, 2019)
Amount NYC RPT New York State Transfer Tax Mansion Tax Mortgage Tax
Less than $500,000.00 1.425% $2 per $500 N/A* 2.05%
Exactly $500,000.00 1.425% $2 per $500 N/A* 2.80%
$500,000.00 to 
$1,999,999.99
2.625% $2 per $500 N/A* 2.80%
$2,000,000.00 or more 2.625% $3.25 per $500 (0.65%) N/A* 2.80%
Typically paid by Seller Seller   Buyer/Borrower
Payment due date (delivery date is presumed to be date shown on instrument) 30 days after delivery 15 days after delivery   Upon recording
Penalty for late payment 5% per month, (up to 25%) plus interest 10% penalty plus 2% interest penalty (up to 25%) plus interest   N/A
*A property that used in whole or in part as a personal residence (i.e. mixed use) will be subject to a proportionate mansion tax