Property Type and Transaction Value NYC RPT New York State Real Estate Transfer Tax Mansion Tax MTGE TAX (NYC) (Except CO-OP) MTGE TAX (inc.25% for MT outside NYC exc. CO-OP)
1-2-3 Family Residential, Co-Op, or Condo Unit under $500,000.00 1% $2 per $500 N/A 2.05% minus $30 for 1-2 family MTA Counties 1.05% (minus $30 for 1-2 family) All Others 1%
1-2-3 Family Residential, Co-Op, or Condo Unit under $500,000.00 1% $2 per $500 or portion thereof N/A 2.175% minus $30 as above MTA Counties 1.05% (minus $30 for 1-2 family) All Others 1%
1-2-3 Family Residential, Co-Op, or Condo Unit $500,001 - $999,999 1.425% $2 per $500 or portion thereof N/A 2.175% minus $30 as above MTA Counties 1.05% (minus $30 for 1-2 family) All Others 1%
1-2-3 Family Residential, Co-Op, or Condo Unit $1,000,000 or more 1.425% $2 per $500 or portion thereof 1% payable by grantee (grantor pays if grantee is exempt) 2.175% minus $30 as above MTA Counties 1.05% (minus $30 for 1-2 family) All Others 1%
All others under $500,000 1.425% $2 per $500 or portion thereof N/A 2.05% MTA Counties 1.05% All Others 1%
All others at $500,000 1.425% $2 per $500 or portion thereof N/A 2.80% MTA Counties 1.05% All Others 1%
All others $500,001 or more 2.625% $2 per $500 or portion thereof N/A 2.80% MTA Counties 1.05% All Others 1%
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 30 days after delivery 30 days after delivery
Penalty for late payment 5% per month (up to 25%) plus interest 10% penalty plus 2% interest penalty (up to 25%) plus interest Same as for RETT There are penalties baThere are penalties