Property Type and Transaction Value |
NYC RPT | New York State Real Estate Transfer Tax | Mansion Tax | Mortgage Tax (NYC) |
Mortgage Tax (NON NYC) |
---|---|---|---|---|---|
1-2-3 Family Residential, Co-Op, or Condo Unit under $500,000.00 | 1% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.05% (.25% paid by lender) minus $30 for 1-2 family |
1.05% (.25% paid by lender) minus $30 for 1-2 family |
1-2-3 Family Residential, Co-Op, or Condo Unit at $500,000.00 | 1% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.175% (.25% paid by lender) minus $30 for 1-2 family |
1.05% (.25% paid by lender) minus $30 for 1-2 family |
1-2-3 Family Residential, Co-Op, or Condo Unit $500,001 - $999,999 | 1.425% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.175% (.25% paid by lender) minus $30 for 1-2 family |
1.05% (.25% paid by lender) minus $30 for 1-2 family |
1-2-3 Family Residential, Co-Op, or Condo Unit $1,000,000 or more | 1.425% of purchase price | $2 per $500 or 0.4% of purchase price | 1% payable by grantee (grantor pays if grantee is exempt) | 2.175% (.25% paid by lender) minus $30 for 1-2 family |
1.05% (.25% paid by lender) minus $30 for 1-2 family |
All others under $500,000 | 1.425% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.05% | 1.05% |
All others at $500,000 | 1.425% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.80% | 1.05% |
All others $500,001 or more | 2.625% of purchase price | $2 per $500 or 0.4% of purchase price | N/A | 2.80% | 1.05% |
Payment due date (delivery date is presumed to be date shown on instrument) | 30 days after delivery of deed | 15 days after delivery of deed | 15 days after delivery of deed | 30 days after delivery of deed | 30 days after delivery of deed |