US Home Sales Tax

New York transfer tax calculator

New York State charges $2 for every $500 of the sale price. In New York City the seller also pays the city's own transfer tax of 1% or 1.425%, and the state rate rises to 0.65% on homes of $3 million or more.

$
$
%
%

Other closing costs cover title, escrow or attorney fees and recording. One percent is a common planning figure.

Estimated net proceedsNew York ยท Rates verified November 2026
Pay to the order ofYou, the seller$372,400

Three hundred seventy-two thousand four hundred and 00/100 dollars

$400,000 sale, less $27,600 in costs and payoff

Itemised estimate
Sale price$400,000
Agent commission-$22,000
Transfer taxRate: $2 per $500 (0.4%), more in New York City. Usually paid by the seller.-$1,600
Other closing costs-$4,000
Mortgage payoff$0
You keep$372,400

How transfer tax works in New York

Rate
$2 per $500 (0.4%), more in New York City
Who usually pays
The seller pays the state transfer tax and, in New York City, the city tax. The buyer pays the mansion tax on homes of $1 million or more.
Local taxes
New York City charges its own transfer tax: 1% on homes up to $500,000 and 1.425% above that. A few other places, such as Yonkers and the Peconic Bay towns, have local taxes that are not in the calculator.
Official source
New York State Department of Taxation and Finance
Last verified

New York transfer tax at common sale prices

Sale priceTotal transfer taxSeller's usual shareSeller keeps before mortgage payoff
$150,000$600$600$139,650
$250,000$1,000$1,000$232,750
$400,000$1,600$1,600$372,400
$600,000$2,400$2,400$558,600
$1,000,000$4,000$4,000$931,000

Assumes a 5.5% agent commission and 1% in other closing costs, at the "Most New York counties" rate. Change any figure in the calculator above.

Local rates in New York

LocationTotal tax on a $400,000 saleSeller's usual share
Most New York counties$1,600$1,600
New York City$5,600$5,600
Nassau or Suffolk County$1,600$1,600
Westchester County$1,600$1,600
Erie or Monroe County$1,600$1,600

Questions New York sellers ask

How much is transfer tax in New York?

New York charges $2 per $500 (0.4%), more in New York City. On a $400,000 sale the total comes to $1,600, and the seller's usual share is $1,600.

Who pays the transfer tax in New York, the buyer or the seller?

The seller pays the state transfer tax and, in New York City, the city tax. The buyer pays the mansion tax on homes of $1 million or more.

Are there local transfer taxes in New York?

New York City charges its own transfer tax: 1% on homes up to $500,000 and 1.425% above that. A few other places, such as Yonkers and the Peconic Bay towns, have local taxes that are not in the calculator.

How do I estimate my net proceeds in New York?

Start with the sale price, then subtract the agent commission, your share of the transfer tax, title and closing fees, and the balance left on your mortgage. On a $400,000 sale with a 5.5% commission and 1% in other costs, a New York seller keeps about $372,400 before paying off the mortgage.

Buying in New York instead? See taxes when buying a house in New York.

More on the basics: What closing costs does a seller pay?, Who pays the transfer tax, the buyer or the seller?, How to calculate net proceeds from a home sale.

Other states