NYC Transfer Tax Calculator | NYC Transfer Tax Rate 2026

Use our free NYC transfer tax calculator to instantly find NYS, NYC RPTT & mansion tax. Covers all property types. Updated for 2026.

How Much Is the Transfer Tax in NY?

Here’s what a lot of people don’t realize: New York has two separate transfer taxes — one from the state, one from the city. If you’re selling in NYC, you’re paying both.

NYS Transfer Tax (New York State):

Sale Price	NYS Rate
Below $3,000,000 (residential)	0.4%
$3,000,000 and above (residential)	0.65%
Below $2,000,000 (commercial/4+ family)	0.4%
$2,000,000 and above (commercial/4+ family)	0.65%

NYC Transfer Tax (RPTT — Real Property Transfer Tax):

Property Type	Sale Price	NYC Rate
Residential (condo, co-op, 1–3 family)	Up to $500,000	1.0%
Residential (condo, co-op, 1–3 family)	Above $500,000	1.425%
Commercial / 4+ family	Under $500,000	1.425%
Commercial / 4+ family	$500,000 and above	2.625%

Combined Transfer Tax (Seller Pays):

Sale Price	Combined Rate
Under $500,000 (residential)	1.4%
$500,001 – $2,999,999 (residential)	1.825%
$3,000,000+ (residential)	2.075%

So if you’re selling a condo in Manhattan for $1.5 million, you’re looking at 1.825% — or $27,375 — just in transfer taxes. That’s before agent commissions, attorney fees, or anything else. Hauseit’s transfer tax breakdown confirms this math and goes into even more detail on how the rates stack.

NYS Mansion Tax (Buyer Pays):

Purchase 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 and above	3.90%

The mansion tax is paid entirely by the buyer. On a $1 million purchase, that’s $10,000. On a $5 million purchase, that’s $112,500. Big difference.

Is It Possible to Get a New York Transfer Tax Refund?

This is a question I see come up a lot, and the honest answer is: rarely, but yes — under specific conditions.

You can potentially get a refund if you overpaid the transfer tax by mistake, if the sale was voided or rescinded after the tax was already paid, or if you paid tax on a transaction that turned out to be exempt. The NYC Department of Finance handles these claims, and they don’t exactly make it easy.

A few situations where a refund may be possible:

• The deed was never recorded after transfer taxes were paid
• A court ordered the sale to be rescinded
• A calculation error was made and you have documentation proving it
• The transaction was between certain exempt parties (like certain government transfers)

You’ll need to file a formal claim with proper documentation. Don’t expect a fast process. If you think you overpaid, it’s best to get a real estate attorney involved before you file. Most refund cases involve documentation errors or cancelled deals — not cases where someone just didn’t like how much they paid.

How to Avoid the Transfer Tax in NY?

Let me be straight with you — you can’t just skip this tax. It’s a legal requirement for most real estate transactions in New York. But there are a few legal strategies that can reduce what you pay, or shift who pays it.

Legitimate ways to minimize transfer tax exposure:

1. Negotiate who pays — In some deals, the buyer and seller can negotiate who absorbs the NYC transfer tax. It’s not always the default outcome.
2. Structure the deal differently — Certain LLC or entity transfers may be taxed differently than outright property sales. Always talk to a CPA or real estate attorney before going this route.
3. Use an exemption if you qualify — Certain transfers are exempt, including transfers between spouses, transfers to certain non-profits, and some government-related transactions. The NYS Department of Taxation and Finance has a full exemption list.
4. Price below key thresholds — If a deal is priced just over $500,000, even a small price adjustment can drop the NYC RPTT rate from 1.425% to 1.0%. Same idea applies near the $3 million NYS threshold.
5. Gross-up calculation — In new development, the sponsor (developer) often agrees to pay both the buyer’s and seller’s transfer taxes. A gross-up formula can affect how the total is calculated.

None of these are loopholes. They’re just smart planning. Avoiding transfer tax illegally is tax fraud, and New York takes that seriously.

How Can an Online New York Transfer Tax Calculator Help You?

Honestly? It saves you a ton of headaches. I’ve seen deals fall apart at closing because someone didn’t budget correctly for closing costs. Transfer taxes are one of the biggest line items — and they’re often the most misunderstood.

An online New York City transfer tax helps you in a few specific ways:

• Budget planning — Before you list your property or make an offer, you can run the numbers in seconds and know what you’re walking away with (or spending).
• Price sensitivity testing — What happens if you price at $2.9 million vs. $3.1 million? The calculator shows you the tax difference instantly.
• Buyer vs. seller clarity — The tool clearly separates what the seller owes (NYS + NYC transfer tax) from what the buyer owes (mansion tax). No confusion.
• Property type accuracy — A co-op and a commercial building have totally different tax rules. The calculator handles all five property types in NYC automatically.
• Real-time results — You don’t have to wait. Change one number and the whole breakdown updates immediately.

For anyone serious about real estate in New York — whether you’re an agent, investor, buyer, or seller — this kind of tool isn’t optional. It’s just a smart part of doing due diligence.

Are Transfer Fees Paid by Buyer or Seller?

Both, actually — but they pay different parts.

Seller pays:

• NYS Transfer Tax (0.4% or 0.65% depending on price and property type)
• NYC Real Property Transfer Tax / RPTT (1.0% or 1.425% for residential; up to 2.625% for commercial)

Buyer pays:

• NYS Mansion Tax (1.0% to 3.9% for residential properties $1 million and above)

So for most residential deals, the combined seller transfer taxes range from 1.4% to 2.075% of the sale price. The buyer’s mansion tax is separate on top of that — and only kicks in at $1 million and above.

One thing that confuses people: in new development sales (sponsor units), the developer sometimes agrees to pay the mansion tax on behalf of the buyer, or both sides’ transfer taxes get bundled into the price differently. Always read the contract carefully, or use a tool like this to check the actual numbers before you sign.

Sellers in NYC should plan for transfer taxes to be the second-largest closing cost after agent commissions. That’s not a small thing.

How to Use the New York Fee Calculator?

Using this tool is genuinely easy. Here’s how it works step by step:

1. Enter the sale price — Type in the property’s sale or purchase price in the “Sale Price ($)” field. The calculator defaults to $1,500,000, but you can change it to any number.
2. Select your property type — Choose from the dropdown: Condo, Co-op, One to Three-Family House, Four or More Family House, or Commercial Real Estate. This matters because the rates are different for each type.
3. Read the dashboard — The top section shows you total transfer taxes, effective tax rate, total seller pays, and total buyer pays — all at a glance.
4. Check the tax breakdown chart — A doughnut chart shows you how the taxes split between NYS Transfer Tax, NYC Transfer Tax, and the Mansion Tax.
5. Review the full tax schedule table — This breaks it down line by line: NYS seller transfer tax, NYC seller transfer tax, seller total, mansion tax (buyer), buyer total, and the grand total.
6. Reset and test different scenarios — Hit the “Reset Calculator” button to go back to the default values. Run as many scenarios as you want.

No sign-up needed. No fees. No waiting. The results update in real time as you type.

For more context on how NYS and NYC transfer taxes are filed, NYC.gov’s RPTT page is the official source to check.

Advantages of Using the New York Transfer Tax Calculator?

There are a few real advantages here that go beyond just saving time.

1. Accuracy by property type. The NYC RPTT calculator on this page accounts for the fact that commercial properties and 4+ family homes have higher rates — something a lot of basic calculators miss entirely.

2. Mansion tax is included. A lot of NYC transfer tax calculators only show seller costs. This one includes the buyer’s mansion tax with all eight rate brackets built in.

3. Combined NYS + NYC calculation. Both the state and city taxes are calculated together, so you get a true all-in picture of transfer taxes — not just one layer.

4. Clear separation of buyer vs. seller costs. This is genuinely useful for both sides of a deal. Sellers can see their net proceeds impact. Buyers can see their total closing cost exposure.

5. Works for all five NYC property types. Whether you’re looking at a brownstone in Brooklyn, a co-op in Queens, or commercial real estate in Manhattan — the calculator handles them all correctly.

6. Effective tax rate display. You can see not just the dollar amount but the effective tax rate as a percentage. That makes it easier to compare deals at different price points.

7. Free and instant. There’s nothing to download, no account to create. Just type in your numbers and get the answer.

If you want to go deeper into how these taxes are filed officially, NYC 311’s RPTT article walks through the filing requirements and deadlines.

Frequently Asked Questions