Source-verified

New York expands high-value transfer taxes for New York City residential conveyances

New York's 2019 budget legislation expanded high-value supplemental real estate transfer taxes for certain New York City residential conveyances.

Source-verified · 2026-07-01Effective July 1, 2019 Official source ↗

What changed

High-value New York City residential deals need the statewide RETT, the NYC transfer tax, and the supplemental mansion-tax tiers modeled together.

Before

New York imposed the base real estate transfer tax and a narrower mansion-tax structure.

After

For applicable New York City residential conveyances, supplemental high-value transfer-tax tiers apply on top of the base transfer tax.

Source trail

Official source: New York State Department of Taxation and Finance - Real estate transfer tax
Last checked: 2026-07-01
Threshold: $1 million+ residential conveyances; higher tiers for larger prices
Fee types: state real estate transfer tax, mansion tax

Additional official source

New York TSB-M-19(1)R - Summary of 2019 real estate transfer tax changes

See New York transfer-tax context or open the downloadable rule-change dataset.

Verify before closing: Transfer-tax rates, recording fees and title methods shown are based on the official source cited on this page as of the verified date. Rates change and local taxes vary — always confirm the current amount with the applicable county recorder's office or a licensed title professional before closing. Transfer-tax rates, recording fees and title methods shown are based on the official source cited on this page as of the verified date. Rates change and local taxes vary — always confirm the current amount with the applicable county recorder's office or a licensed title professional before closing. This change log is a research aid for dated government rule changes, not legal, tax, title, escrow, or settlement advice. Always confirm the deed date, property type, local jurisdiction, and official fee schedule before closing.