Selling a home in New York comes with transfer taxes that surprise many owners. Use this calculator to estimate your taxes and closing costs, and see roughly what you walk away with.
Estimate only, for 1–3 family homes, condos, and co-ops. Actual taxes depend on the deal and are figured by your attorney at closing. In new development sales, the buyer often pays the transfer taxes.
The taxes sellers pay
| Tax | Where | Rate |
|---|---|---|
| NY State transfer tax | Everywhere in NY | 0.4% (0.65% for NYC homes $3 million and up) |
| NYC Real Property Transfer Tax | The five boroughs | 1% up to $500,000; 1.425% above $500,000 |
| Yonkers transfer tax | Yonkers | 1.5% |
| Mount Vernon transfer tax | Mount Vernon | 1% of the price above $100,000 |
| Peekskill transfer tax | Peekskill | 1% |
Most Westchester towns charge only the state tax. The “mansion tax” on homes $1 million and up is normally paid by the buyer, not the seller. Buyers can estimate their side with our Closing Cost Estimator.
Other costs to plan for
- Co-op flip tax: some co-op buildings charge a fee on each sale. Check your proprietary lease or ask the managing agent.
- Building fees: move-out deposits, managing agent fees, and stock transfer fees for co-ops.
- Capital gains tax: not paid at closing, but it can be a big number. See Understanding Capital Gains.
This page is general information, not legal or tax advice. Rates were checked in September 2026 and can change. Your attorney will calculate the exact amounts at closing.
Want a real number for your home? Try our Pricing Strategy Worksheet or contact us for a free pricing consultation.