New York real estate transfer tax
New York's transfer tax is 0.4%, customarily seller-paid. Here's how it works, what it costs at common price points, and the statute behind it.
New York State charges $2.00 per $500 of price (0.4%), paid by the seller. On residential sales of $3M+ the state rate rises. New York City adds its own Real Property Transfer Tax (1% under $500k, 1.425% above) plus, on $1M+ homes, the buyer-paid 'mansion tax' (1%–3.9% by price band). NYC LLCs also face a newspaper publication quirk unrelated to transfer tax.
What it costs at common prices
| Sale price | State transfer tax |
|---|---|
| $200,000 | $800 |
| $400,000 | $1,600 |
| $600,000 | $2,400 |
| $800,000 | $3,200 |
State-level only; county and city taxes may add to these figures.
Look up your transfer tax
Estimated transfer tax
$2,800
Rate: 0.7% · Customarily seller-paid
- Who customarily pays
- seller
- Statute
- Fla. Stat. § 201.02
Florida levies documentary stamp tax on the deed at $0.70 per $100 of price (0.70%) in every county except Miami-Dade. Miami-Dade charges $0.60 per $100 (0.60%) plus a $0.45/$100 surtax on non-single-family transfers. By custom the seller pays the deed stamps; the buyer pays the separate doc-stamp + intangible tax on the mortgage.
Frequently asked questions
What is the real estate transfer tax in New York?
New York's transfer tax is 0.4% of the sale price, customarily seller-paid. New York State charges $2.00 per $500 of price (0.4%), paid by the seller. On residential sales of $3M+ the state rate rises. New York City adds its own Real Property Transfer Tax (1% under $500k, 1.425% above) plus, on $1M+ homes, the buyer-paid 'mansion tax' (1%–3.9% by price band). NYC LLCs also face a newspaper publication quirk unrelated to transfer tax.
Who pays the transfer tax in New York?
In New York the transfer tax is customarily seller-paid, though it's negotiable in the purchase contract.
How is New York's transfer tax calculated?
Multiply the sale price by 0.4%. For example, on a $400,000 home that's about $1,600. New York State charges $2.00 per $500 of price (0.4%), paid by the seller. On residential sales of $3M+ the state rate rises. New York City adds its own Real Property Transfer Tax (1% under $500k, 1.425% above) plus, on $1M+ homes, the buyer-paid 'mansion tax' (1%–3.9% by price band). NYC LLCs also face a newspaper publication quirk unrelated to transfer tax.