PROPERTY TYPE AND SALES PRICE	TRANSFER TAX				MORTGAGE TAX
	NY STATE TRANSFER TAX	NY STATE MANSION TAX		NY CITY RPT TAX	NY CITY MORTGAGE TAX	MORTGAGE TAX (OUTSIDE NYC)
1-3 Family Residential Condo or Co-op Unit $500,000 or less	$2 per $500 continuing lien deduction allowed	N/A		1.000%	Less than $500,000 = 2.05% Less $30 for 1&2 Family	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80% Less $30 for 1&2 Family
1-3 Family Residential Condo or Co-op Unit $500,000.01-$999,000	$2 per $500 continuing lien deduction allowed	N/A		1.425%	$500,000 & up = 2.175% Less $30 for 1&2 Family	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80% Less $30 for 1&2 Family
1-3 Family Residential Condo or Co-op Unit $1M to > $3M	$2 per $500 continuing lien deduction allowed	NY STATE	FOR NYC ONLY	1.425%	2.175% Less $30 for 1&2 Family	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80% Less $30 for 1&2 Family
		1%	$1M to > $2M = 1% $2M to > $3M = 1.25% $3M to > $5M = 1.5% $5M to > $10M = 2.25% $10M to > $15M = 3.25% $15M to > $20M = 3.5% $20M to > $25M = 3.75% $25M + = 3.9%
1-3 Family Residential Condo or Co-op Unit $3M +	$3.25 per $500 continuing lien deduction allowed	1%
All other property types $500,000 or less	$2 per $500 continuing lien deduction allowed	N/A		1.425%	Less than $500,000 = 2.05%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $500,000.01-$999,000	$2 per $500 continuing lien deduction allowed	N/A		2.625%	$500K + = 2.80%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $1M to > $2M	$2 per $500 continuing lien deduction allowed	N/A		2.625%	2.80%	1.05% Westchester 1.30% Rockland 1.30% Yonkers 1.80%
All other property types $2M +	$3.25 per $500 continuing lien deduction NOT allowed
Payment due date	15 days after delivery	15 days after delivery		30 days after delivery	N/A	N/A
Penalties for late payment	10% penalty plus 2% per month or part thereof up to 25%	10% penalty plus 2% per month or part thereof up to 25%		5% per month up to 25%, plus interest	N/A	N/A
Miscellaneous Transfer Taxes
•   Columbia County - $1 per $500 of consideration, less exclusion of $150,000 for 1 family properties •   Town of Chatham - 1.5% of the consideration, less a $370,000 exclusion (Exclusion is based on the Median sales price of residential properties located within the Town of Chatham and is updated annually-$370,000 is the 2024 MSP) •   Erie County - $2.50 per $500 of consideration •   Town of Gardiner - 1.25% of consideration (Note: there is an exemption to the extent of the median sales price of residential real property in Ulster County which is currently $320,000.00. The grantee is primarily liable for the tax but the grantor is secondarily liable •   Town of Marbletown - 1% of consideration (Note: there is an exemption to the extent of the median sales price of residential real property in Ulster County which is currently $320,000.00. The grantee is primarily liable for the tax but the grantor is secondarily liable •   Mt. Vernon - 1% less exclusion of $100,000 •   Town of New Paltz - 1.5% of the consideration, less a $245,000 exclusion (Exclusion is based on the Median sales price of residential properties located within the Town of New Paltz and is updated annually-$245,000 is the 2020 MSP) •   Peconic Bay      -    East Hampton, Southampton & Shelter Island* - 2.5% tax less exclusion of $400,000 if improved, $100,000 if unimproved, paid by grantee      -    Southold* - 2.5% tax less exclusion of $200,000 if improved, $75,000 if unimproved, paid by grantee      -    Riverhead - 2% tax less exclusion of $150,000 if improved, $75,000 if unimproved, paid by grantee           * There is NO exemption for transfers greater than $2,000,000.00 •   Peekskill - 1% •   Red Hook - 2% •   Warwick - .75% less $100,000 exclusion for improved property, $50,000 for vacant land •   Yonkers - 1.5% tax paid by grantor/no tax due if consideration is $25,000 or less
Notes
•   Mortgages of $10,000 or less – the mortgage tax is .30% less than the regular, applicable rate. •   Mortgage made within a 12-month period of each other shall be aggregated for mortgage tax computation. •   A .25% exemption is permitted pursuant to Sec. 253 of the Tax Law for transactions of 1-6 family dwelling where the lender is a natural person. Does not apply to vacant land.
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