Tag Archives: Selling Apartment in NYC Tax

How Much Are Seller Transfer Taxes in NYC?

Seller transfer taxes in NYC are 1.4% for sales of $500k or less and 1.825% for anything more than $500k. These figures include the NYS Transfer Tax of 0.4%. The official NYC Transfer Tax rates are 1% and 1.425% for sales above $500k. Real estate transfer taxes are the second highest closing cost for sellers after broker commissions. Overall seller …

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