New York Real Estate Transfer Tax (2026)
New York's real estate transfer tax is 0.40% state ($2/$500) at the state level, which comes to about $1,600 on a $400,000 home. It's customarily paid by the seller and collected at closing when the deed is recorded. State 0.4%, but NYC adds a big RPTT (1–1.425%) plus a buyer-paid "mansion tax" on sales of $1M+.
Verified July 2026 from official sources. How we verify fees.
The transfer tax in New York
- Rate: 0.40% state ($2/$500) (state portion)
- On a $400,000 home: ~$1,600 (state-level)
- Who customarily pays: Seller
- Local county/city add-on: Yes — check your city/county
Good to know
State 0.4%, but NYC adds a big RPTT (1–1.425%) plus a buyer-paid "mansion tax" on sales of $1M+. The transfer tax is paid once, at closing, when the deed is recorded — it's separate from your annual property tax. Because counties or cities in New York add their own, your total can be higher than the state figure above — confirm the local rate for your city. Compare every state on our transfer tax by state ranking.
Frequently asked questions
How much is the real estate transfer tax in New York?
0.40% state ($2/$500) at the state level (plus any local add-on) — about $1,600 on a $400,000 home.
Who pays the transfer tax in New York?
By custom, the seller pays it, though it's usually negotiable in the purchase contract.
Does New York have local (city or county) transfer taxes?
Yes — some counties or cities in New York add their own transfer tax on top of the state rate, so confirm your specific city and county.