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MORTGAGE TAX RATES

BY COUNTY as of 1/2010

 1.05%Nassau*
Orange *
Putnam*
Suffolk * 		Dutchess*

 1%Allegany
Broome
Cayuga
Clinton
Cortland
Delaware
Erie
Franklin
Fulton
Hamilton
Herkimer
Lewis
Livingston
Monroe
Niagara
Oneida
Onondaga		Orleans
Oswego
Saratoga
Schoharie
Schuyler
Seneca
Sullivan
Washington
Yates		 

 3/4%Chemung
Chenango
Jefferson
Madison
Montgomery
Ontario
Otsego		St. Lawrence
Tioga
Tompkins
Ulster

 Varied % Rates

Albany
Cattaraugus
Chautauqua
Columbia
Essex
Genesee
Greene
Rensselaer
Rockland

1.25%
1.25%
1.25%
1.25%
1.25%
1.25%
1.25%
1.25%
1.30%

Schenectady
Steuben
Warren
Wayne
Westchester
Yonkers (city)
Wyoming

1.25%
1.25%
1.25%
1.25%
1.30%
1.80%
1.25%		 

*Minus $30 for 1, 2, or condo fam. res.
All the information provided herein is believed to be accurate, however it is not guaranteed.

For The Boroughs of
QUEENS, BROOKLYN, MANHATTAN & THE BRONX
TRANSFER AND MORTGAGE TAX GUIDE as if 9/1/09

Property Type and
Transaction Value

NYC RPT

New York State Real Estate Transfer Tax

“Mansion Tax”

Mortgage Tax (NYC) (Except Co-op)

1-2-3 Family Residential, Co-op or Condo Unit under $500,000.00

1%

$2 per $500

N/A

2.05%
minus $30
for 1-2 Family

1-2-3 Family Residential, Co-op or Condo Unit at $500,000.00

1%

$2 per $500 or
portion thereof

N/A

2.175%
minus $30
as above

1-2-3 Family Residential, Co-op or Condo Unit $500,001-$999,999

1.425%

$2 per $500 or
portion thereof

N/A

2.175%
minus $30
as above

1-2-3 Family Residential Co-op or
Condo Unit
$1,000,000 or more

1.425%

$2 per $500 or
portion thereof

1% payable by grantee (grantor pays if grantee is exempt)

2.175%
minus $30
as above

All others
under $500,000

1.425%

$2 per $500 or
portion thereof

N/A

2. 05%

All others
at $500,000

1.425%

$2 per $500 or
portion thereof

N/A

2.8%

All others
$500,001 or more

2.625%

$2 per $500 or
portion thereof

N/A

2.8%

Payment due date (delivery date is
Presumed to be
Date shown on
Instrument)

30 days
after delivery

15 days
after delivery

15 days
after delivery

Upon
recording

Penalty for
late payment

5% per month (up to 25% plus interest)

10% penalty plus 2% interest penalty (up to 25%) plus interest

Same as deed stamps

See Tax Law
Section 258(2)

RICHMOND COUNTY MORTGAGE TAX

Residential – 1-2 & 3 Family Dwellings
(% for each $100 or each remaining major fraction thereof)
$0.00 to $10,000.00 1.8%
$10,000.00 to $499,999.00 2.05% (less $30.00)
$500,000.00 and over 2.175% (less $30.00)

Commerical Property, Vacant Land or 4 or More Dwellings
(% for each $100 or each remaining major fraction thereof)
$0.00 to $499,999.00 2.05%
$500,000.00 and over 2.8%