N.Y. MORTGAGE TAX RATES
New York City
Residential
Loan amount less than $500,000
2.05%
The borrower pays 1.80% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
$500,000 and more
2.175%
The borrower pays 1.925% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
Commercial (not 1, 2, 3 family or condo)
Loan amount less than $500,000
2.05%
The borrower pays the entire amount.
$500,000 and more
2.80%
The borrower pays the entire amount.
Orange, Putnam, Dutchess, Nassau and Suffolk
Residential
1.05%
The borrower pays .80% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
Commercial
1.05%
The borrower pays the entire amount.
Rockland
Residential
1.30%
The borrower pays 1.05% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
Commercial
1.30%
The borrower pays the entire amount.
Westchester (except Yonkers)
Residential
1.30%
The borrower pays 1.05% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
Commercial
1.30%
The borrower pays the entire amount.
Yonkers
Residential
1.80%
The borrower pays 1.55% minus $30.00 if the property is 1-2 family and the loan is $10,000 or more.*
The lender pays .25% if the property is a 1-6 family.
Commercial
1.80%
The borrower pays the entire amount.
* For mortgages less than $10,000, the mortgage tax is .30% less than the regular applicable rate.
A .25% exemption is permitted pursuant to Sec. 253 of the Tax Law for transactions involving 1-6 family dwellings where the lender is a natural person. This exemption does not apply to vacant land.