PROPERTY TYPE
AND TRANSACTION
VALUE |
NYC
RPT |
NEW YORK STATE
DOCUMENTARY
STAMPS |
"MANSION TAX" |
NYS
"GAINS TAX" |
MTGE TAX (NYC)
EXCEPT CO-OP |
MTGE TAX (OUTSIDE NYC)
DOWNSTATE COUNTIES
(EXCEPT
CO-OP) |
1-2-3
Family
Residential, Co-Op
or Condo Unit
under $500,000.00 |
1% |
$2 per
$500 of conveyance price |
N/A |
REPEALED |
2.00%
minus $25 for 1-2 family |
1.00%
minus $25 for 1-2 family |
1-2-3
Family
Residential, Co-Op
or Condo Unit
under $500,000.00 |
1.425% |
$2 per
$500 |
N/A |
REPEALED |
2.125%
minus $25 as above |
1.00%
minus $25 as above |
1-2-3
Family
Residential, Co-Op
or Condo Unit
$500,000 - $999,999 |
1.425% |
$2 per
$500 |
N/A |
REPEALED |
2.125%
minus $25 as above |
1.00%
minus $25 as above |
1-2-3
Family
Residential, Co-Op
or Condo Unit
$500,000.00-$1,000,000 |
1.425% |
$2 per
$500 |
1% of
sales
price payable by grantee (grantor pays
if grantee is exempt) |
REPEALED |
2.125%
minus $25 as above |
1.00%
minus $25 as above |
All
others under
$500,000 |
1.425% |
$2 per
$500 |
N/A |
REPEALED |
2.00% |
1.00% |
All
others at
$500,000 |
1.425% |
$2 per
$500 |
N/A |
REPEALED |
2.75% |
1.00% |
All
others
$500,000 - $999,999 |
2.625% |
$2 per
$500 |
N/A |
REPEALED |
2.75% |
1.00% |
All
others
$1,000,000 or more |
2.625% |
$2 per
$500 |
N/A |
REPEALED |
2.75% |
1.00% |
Payment due date
(delivery date is
presumed to be date
shown on instrument) |
30
days after delivery |
15
days after delivery |
15
days after delivery |
REPEALED |
Upon
recording |
Upon
recording |
Penalty for late
payment |
5% per
month, (up to 25%) plus interest |
10%
penalty
plus 2% interest penalty (up to 25%)
plus interest |
same
as for deed stamps |
REPEALED |
N/A |
N/A |
