Home New York closing costs NYC Real Property Transfer Tax (RPTT) Calculator
Calculator · New York
NYC Real Property Transfer Tax (RPTT) Calculator
Every NYC sale carries the city RPTT on top of the New York State tax. Enter the price and property type and get the complete city and state figure in one pass.
NYC RPTT rates
| Property class | Consideration | RPTT rate | Payer |
|---|---|---|---|
| Residential | ≤ $500,000 | 1% | Seller |
| Residential | > $500,000 | 1.425% | Seller |
| All other property | ≤ $500,000 | 1.425% | Seller |
| All other property | > $500,000 | 2.625% | Seller |
NYC supplemental tax (residential, buyer pays)
| Consideration | Supplemental rate | With 1% mansion tax |
|---|---|---|
| $2,000,000 – $2,999,999 | 0.25% | 1.25% |
| $3,000,000 – $4,999,999 | 0.5% | 1.5% |
| $5,000,000 – $9,999,999 | 1.25% | 2.25% |
| $10,000,000 – $14,999,999 | 2.25% | 3.25% |
| $15,000,000 – $19,999,999 | 2.5% | 3.5% |
| $20,000,000 – $24,999,999 | 2.75% | 3.75% |
| $25,000,000 and up | 2.9% | 3.9% |
Figures are drawn from the same rate book the calculator runs on.
Questions
Frequently asked
What is the NYC RPTT rate?
For a 1–3 family house, condo unit or co-op apartment: 1% at ≤ $500,000, 1.425% at > $500,000. For all other property: 1.425% at ≤ $500,000, 2.625% at > $500,000.
Is there a minimum price for the RPTT?
The RPTT applies when the consideration is more than $25,000.
Does NYC add to the state transfer tax?
Yes. In New York City the state adds $1.25 per $500 on residential sales of $3,000,000 or more and other property of $2,000,000 or more, plus a supplemental tax on residential sales from $2,000,000.