What would the transfer tax be on a sale price of $510,000?

Asked by Inga M. Guli, Staten Island, NY Wed May 23, 2012

What would the transfer tax be on a sale price of $510,000?

Help the community by answering this question:

+ web reference
Web reference:

Answers

8
Edward Perlin, Agent, Staten Island, NY
Wed May 23, 2012
1.425% NY City Transfer Tax
0.400 % NY State Transfer Tax

or 1.825% of $510,000 equal $9,307.50
1 vote
Lorraine Vel…, Agent, Staten Island, NY
Fri May 25, 2012
Hi Inga, Transfer tax sale price over $500,000. is 1.425% sale price under $500,000. is 1%
0 votes
Joseph Runfo…, Agent, Staten Island, NY
Thu May 24, 2012
Hello Inga,
There is a New York State tax, and New York City tax. Any New York State conveyance is taxed at a rate of $2 per $500. or in simpler terms $4 per $1,000. New York City levies an additional transfer tax of 1 percent on sales of less than $500,000. on one to three family dwellings. The tax is 1.425% for sales over $500,000.
0 votes
William Knoop, Agent, Staten Island, NY
Wed May 23, 2012
Inga,

Edward Perlin is correct for a home sold in New York City. Generally the Seller will pay the Transfer Tax unless the home is New Construction or Bank Owned.

Best regards,
Will Knoop
Get an Instant Mortgage Rate Quote online at http://www.NYSmortgagerates.com
0 votes
Cindy Cheung, Agent, Staten Island, NY
Wed May 23, 2012
Sale price any above of $500,000 transfer is 1.425%
0 votes
Gail Gladsto…, Agent, 11743, NY
Wed May 23, 2012
$4 per $1000 sales price. $2,040
0 votes
Jon Goldstein…, Agent, Staten Island, NY
Wed May 23, 2012
Transfer tax on a home that sells over 500k is 1.425%. under 500k is 1%. if we can help you with anything in regards to buying or selling feel free to call us at 718-524-0400.
Jon Goldstein
Coldwell Banker Hometime
Broker
0 votes
Jacques Ambr…, Agent, Forest Hills, NY
Wed May 23, 2012
Would this be for a seller or buyer
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more