Property Type and TransactionType | NYC RPT | NYS Transfer Stamps | Mansion Tax | NYS Gains Tax |
---|---|---|---|---|
1-2-3 Family Residential, Co-Op,and Condo Unit under $500,000.00 | 1% or Conveyance Price plus filing fee | $2.00 per $500 of Conveyance Price. | N/A | N/A with affidavit |
1-2-3 Family Residential, Co-Op,and Condo Unit at $500,000.00 | 1% or Conveyance Price plus filing fee | $2.00 per $500 of Conveyance Price. |
N/A | N/A with affidavit of use as Seller’s principalresidence; otherwise Tentative Assessment required butno tax is due |
1-2-3 Family Residential, Co-Op,and Condo Unit at $500,000.00 – $1,000,000.00. | 1.425% of Conveyance Price plus filing fee. | $2.00 per $500 of Conveyance Price. | N/A | Same as above |
1-2-3 Family Residential, Co-Op,and Condo Unit at $1,000,000.00 or more | 1.425% of Conveyance Price plus filing fee. | $2.00 per $500 of Conveyance Price. | 1.00% of sales price payable by Grantee(Grantor pays if Grantee is exempt) | Same as for $500,000.00 but only to theextent of the portion of the premises used & occupiedas seller’s residentce |
All others under $500,000.00 | 1.425% of Conveyance Price plus filing fee. | $2.00 per $500 of Conveyance Price. | N/A | N/A with affidavit |
All others at $500,000.00 | 1.425% of Conveyance Price plus filing fee. | $2.00 per $500 of Conveyance Price. | N/A | No tax but tentative assessment required |
All others, $500,000.00 – $1,000,000.00 | 2.625% of Conveyance price plus filing fee | $2.00 per $500 of Conveyance Price. | N/A | No tax but tentative assessment required |
All others $1,000,000.00 or more | 2.625% of Conveyance price plus filing fee | $2.00 per $500 of Conveyance Price. | N/A | Tentative assessment required; Tax to extentof gain |