New York Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in New York estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Empire State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top New York real estate agent and request a Comparative Market Analysis (CMA). This report will compare your home against nearby listed and recently sold properties.
See a full cost and proceeds breakdown
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
How the New York Transfer Tax is Calculated
New York’s transfer tax, known as a real estate transfer tax, is calculated at a rate of $2.00 per $500 of the property’s sale price. The state also has a “mansion tax,” which is an additional tax of 1% of the sale price, applicable to residences when the value is $1 million or higher.
For example, if you sold your home for $436,000 (New York’s median home price), you could expect to pay $1,744 in New York transfer taxes.
Another Transfer Tax New York Sellers Typically Pay
County taxes can vary relative to the state, in addition to any city and state taxes. For example, in Broome County in New York, the county transfer tax is $5 per $1000, with a portion going to the state and the other to the county.
»Learn more: Understanding New York Transfer Tax: A Quick Guide
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