NYC Transfer Tax Calculator
Based on 2025 NYC and NY State transfer tax rates. Co-ops may be taxed differently. Always confirm with your attorney or title company.
NYC City Transfer Tax Rates
The NYC Real Property Transfer Tax (RPTT) is paid by the seller:
| Sale Price | Property Type | Rate |
|---|---|---|
| Under $500,000 | Residential (1–3 family, condo, co-op) | 1.000% |
| $500,000 or more | Residential | 1.425% |
| Under $500,000 | Commercial / multi-family (4+ units) | 1.425% |
| $500,000 or more | Commercial / multi-family | 2.625% |
NY State Transfer Tax Rates
The NY State Real Estate Transfer Tax is also paid by the seller:
| Sale Price | Rate | Note |
|---|---|---|
| Under $3,000,000 | 0.4% ($2 per $500) | Standard rate |
| $3,000,000 or more | 0.65% ($3.25 per $500) | Mansion tax supplement |
NYC Mansion Tax (Buyer Pays)
The mansion tax is an additional tax paid by the buyer on residential sales of $1 million or more. It is graduated:
| Sale Price | Mansion Tax Rate |
|---|---|
| $1,000,000 – $1,999,999 | 1.00% |
| $2,000,000 – $2,999,999 | 1.25% |
| $3,000,000 – $4,999,999 | 1.50% |
| $5,000,000 – $9,999,999 | 2.25% |
| $10,000,000 – $14,999,999 | 3.25% |
| $15,000,000 – $19,999,999 | 3.50% |
| $20,000,000 – $24,999,999 | 3.75% |
| $25,000,000 or more | 3.90% |
Full New York State Transfer Tax Guide
See state rates, Upstate NY rules, and the complete calculator for all NY scenarios.
NY State Transfer Tax →Frequently Asked Questions
On a $1,500,000 residential sale in NYC: NYC city tax (1.425%) = $21,375 (seller) + NY State tax (0.4%) = $6,000 (seller) + Mansion tax (1.25%) = $18,750 (buyer). Total seller cost: ~$27,375. Total buyer cost: ~$18,750.
Yes — the NYC mansion tax applies to co-op apartment sales at $1M or above, just like condos and houses. Co-ops have unique tax treatment in some other areas (e.g., the flip tax), but the mansion tax applies uniformly to residential sales above the threshold.
No — they are two separate taxes. The NYC Real Property Transfer Tax (RPTT) is a city tax. The NY State Real Estate Transfer Tax is a state tax. Both are paid by the seller, and both apply to NYC sales. Upstate NY sales only pay the state tax (no NYC RPTT).
The RPTT and state transfer tax are legally the seller's obligation, but in practice the burden can be shifted to the buyer in the contract. In slower markets, sellers sometimes offer to pay the buyer's mansion tax. In hot markets, buyers accept the full burden as-is.