NYC & NYS Transfer Tax Calculator for Sellers
Selling in NYC? The NYC Real Property Transfer Tax and NY State Transfer Tax are both seller-paid, both apply to the entire sale price (not just the amount over each threshold), and together they’re usually the second-biggest closing cost after broker commission. Enter your sale price to see both taxes broken out separately.
Want your full seller closing costs, not just transfer tax? See our Seller Closing Cost Calculator, or all our calculators.
Glossary
The NYC Real Property Transfer Tax is 1% of the sale price for sales of $500,000 or less, and 1.425% for sales above $500,000 — the higher rate applies to the entire price, not just the amount over the threshold. It’s paid by the seller at closing.
The New York State Transfer Tax is 0.4% of the sale price under $3 million, and 0.65% at $3 million or more, again on the full price once the threshold is crossed. It stacks on top of the NYC tax and is also seller-paid.
On a resale, the seller pays both taxes. On a new development (sponsor) purchase, the sponsor typically shifts both onto the buyer as part of the purchase agreement — one of the reasons new construction closing costs run higher. See our New Development Closing Cost Calculator for that scenario.