who is responsible for city and county tax stamps on a resale house?

Richard
Home Buyer
Brooklyn, NY

Answers (1)
JOE RUNFOLA, I...
Broker
Staten Island, NY
FIRST ANSWER

The seller's closing costs include New York City Transfer Tax ( 1% of purchase price if price is less than $500,000., 1.425% of purchase price if the price is more than $500,000.00) , and the New York State Transfer Tax ($2.00 for every $500.00 of purchase price)

Web Reference: http://www.clovelake.com
Fri Oct 23 2009, 08:00

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