Certified Buyer Representative
Century 21 Princeton Properties
Traditionally, the seller pays the transfer tax at a closing in NY. More often, when you buy foreclosed property in NY, the bank will impose the buyer to pay the transfer tax.
The transfer tax in Nassau County is $4.00 per $1,000.00 of price, or 0.4% of purchase price. If the purchase price is $500,000, the buyer will have to pay $2,000 in addition to other closing costs.
Should you need more information, you can contact me at any time
Barbara E. Nowak
Charles Rutenberg Realty