New York Transfer Tax Calculator

Published on July 23rd, 2025

New York Transfer Tax Calculator: What to Expect

This simple calculator can help home sellers in New York estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Empire State, enter your home’s estimated selling price above.

Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top New York real estate agent and request a Comparative Market Analysis (CMA). This report will compare your home against nearby listed and recently sold properties.

A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.

How the New York Transfer Tax is Calculated

New York’s transfer tax, known as a real estate transfer tax, is calculated at a rate of $2.00 per $500 of the property’s sale price. The state also has a “mansion tax,” which is an additional tax of 1% of the sale price, applicable to residences when the value is $1 million or higher.

For example, if you sold your home for $436,000 (New York’s median home price), you could expect to pay $1,744 in New York transfer taxes.

Another Transfer Tax New York Sellers Typically Pay

County taxes can vary relative to the state, in addition to any city and state taxes. For example, in Broome County in New York, the county transfer tax is $5 per $1000, with a portion going to the state and the other to the county.

»Learn more: Understanding New York Transfer Tax: A Quick Guide

See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s New York Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.

Does the Seller Always Pay the New York Transfer Tax?

While it’s customary for the seller to pay the New York real estate transfer tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.

Some New York home sales may be exempt, such as those for a non-profit organization or property given to satisfy a debt.

Make Buying and Selling Easier: Most New York sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.

More Resources to Plan Your New York Home Sale

Here are some additional tools to help you plan your New York home sale:

Sell fast without paying fees or commissions: Get a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your New York home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your New York home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top New York agent might be able to get for your home. Receive both selling options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.