NYC Tax Guide

RESIDENTIAL New York City Transfer and Mortgage Tax Guide for 1-2-3 Family House, Individual Residential Condo Unit, or Individual Co-Op Unit (As of July 1, 2019)
Amount	New York City RPT	New York State Transfer Tax	Mansion Tax (Base + Supplemental)	Mortgage Tax (Except Co-Op)
Less than $500,000.00	1.000%	$2.00 per $500 (0.4%)	N/A	2.050% minus $30 for 1-2 Family
Exactly $500,000.00	1.000%	$2.00 per $500 (0.4%)	N/A	2.175% minus $30 for 1-2 Family
$500,000.00 to $999,999.99	1.425%	$2.00 per $500 (0.4%)	N/A	2.175% minus $30 for 1-2 Family
$1,000,000.00 to $1,999,999.99	1.425%	$2.00 per $500 (0.4%)	1.00%	2.175% minus $30 for 1-2 Family
$2,000,000.00 to $2,999,999.99	1.425%	$2.00 per $500 (0.4%)	1.25%	2.175% minus $30 for 1-2 Family
$3,000,000.00 to $4,999,999.99	1.425%	$3.25 per $500 (0.65%)	1.50%	2.175% minus $30 for 1-2 Family
$5,000,000.00 to $9,999,999.99	1.425%	$3.25 per $500 (0.65%)	2.25%	2.175% minus $30 for 1-2 Family
$10,000,000.00 to $14,999,999.99	1.425%	$3.25 per $500 (0.65%)	3.25%	2.175% minus $30 for 1-2 Family
$15,000,000.00 to $19,999,999.99	1.425%	$3.25 per $500 (0.65%)	3.5%	2.175% minus $30 for 1-2 Family
$20,000,000.00 to $24,999,999.99	1.425%	$3.25 per $500 (0.65%)	3.75%	2.175% minus $30 for 1-2 Family
$25,000,000.00 or more	1.425%	$3.25 per $500 (0.65%)	3.90%	2.175% minus $30 for 1-2 Family
Typically paid by	Seller	Seller	Buyer	Buyer/Borrower
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	10% penalty plus 2% interest penalty (up to 25%) plus interest	N/A

COMMERCIAL City of New York Transfer and Mortgage Tax Guide for All Others (NOT 1-2-3 Family Residential, Co-Op or Condo Unit) (As of July 1, 2019)
Amount	NYC RPT	New York State Transfer Tax	Mansion Tax	Mortgage Tax
Less than $500,000.00	1.425%	$2 per $500	N/A*	2.05%
Exactly $500,000.00	1.425%	$2 per $500	N/A*	2.80%
$500,000.00 to $1,999,999.99	2.625%	$2 per $500	N/A*	2.80%
$2,000,000.00 or more	2.625%	$3.25 per $500 (0.65%)	N/A*	2.80%
Typically paid by	Seller	Seller		Buyer/Borrower
Payment due date (delivery date is presumed to be date shown on instrument)	30 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		N/A
*A property that used in whole or in part as a personal residence (i.e. mixed use) will be subject to a proportionate mansion tax