Free East Hampton, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in East Hampton, New York (Suffolk County). The calculator applies the local rates for you.
- Median home value
- $1,074,000
- Transfer tax on $1,075,000
- $31,925
- Seller costs on $1,075,000
- About $59,935
- Median property tax bill
- $7,265 a year
- County
- Suffolk County
- Population
- 29,090
East Hampton transfer tax
On a $1,075,000 sale in East Hampton, transfer taxes come to $31,925: NY State real estate transfer tax, NY State mansion tax (residential $1M+) and Peconic Bay CPF 2% + Community Housing Fund 0.5%. By custom the seller pays $4,300 of that and the buyer $27,625. A buyer who finances 80% of the price also pays $6,850 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)). East Hampton has its own local transfer tax, so the total differs from the rest of Suffolk County, where the same sale would owe $15,050.
| Tax | Rate | Paid by | On $1,075,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $4,300 |
| NY State mansion tax (residential $1M+) | 1% of price when $1,000,000 or more | Buyer | $10,750 |
| Peconic Bay CPF 2% + Community Housing Fund 0.5% | 2.5% of price above $400,000 (buyer) | Buyer | $16,875 |
| Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess) | 0.80% borrower (1.05% total) | Buyer | $6,850 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,000 | $0 | $1,000 |
| $500,000 | $2,000 | $2,500 | $4,500 |
| $1,000,000 | $4,000 | $25,000 | $29,000 |
| $1,075,000 local median value | $4,300 | $27,625 | $31,925 |
Example East Hampton seller net sheet
A $1,075,000 sale, close to East Hampton's median home value of $1,074,000, with a 5% commission and a $645,000 mortgage payoff. Seller costs come to about $59,935, or 5.6% of the price.
| Line | Seller |
|---|---|
| Sale price | $1,075,000 |
| First mortgage payoff | −$645,000 |
| Real estate commission (5%) | −$53,750 |
| NY State real estate transfer tax | −$4,300 |
| Settlement / closing fee | −$250 |
| Seller's attorney fee | −$1,500 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$75 |
| Estimated net before property tax prorations | $370,065 |
Who pays what in East Hampton
East Hampton closings follow Suffolk County customs. In Suffolk County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in East Hampton
The median property tax bill for homeowners in East Hampton is $7,265 a year, about 0.68% of the median home value of $1,074,000 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Town/county taxes billed Jan 1 for the calendar year and school taxes Sep 1 for Jul-Jun are paid in advance; seller is usually credited for prepaid taxes.
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
East Hampton seller questions
How much is the transfer tax in East Hampton, New York?
On a $1,075,000 sale in East Hampton, transfer taxes come to $31,925: NY State real estate transfer tax, NY State mansion tax (residential $1M+) and Peconic Bay CPF 2% + Community Housing Fund 0.5%. By custom the seller pays $4,300 of that and the buyer $27,625. A buyer who finances 80% of the price also pays $6,850 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)). East Hampton has its own local transfer tax, so the total differs from the rest of Suffolk County, where the same sale would owe $15,050.
How much are seller closing costs in East Hampton?
On a $1,075,000 sale, close to the median home value in East Hampton, with a 5% commission, estimated seller costs are about $59,935 (5.6% of the price). Without commission they are about $6,185. The loan payoff and property tax proration change the final number.
What county is East Hampton in, and does it matter at closing?
East Hampton is in Suffolk County, New York. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Suffolk County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in East Hampton?
The median property tax bill for homeowners in East Hampton is $7,265 a year, about 0.68% of the median home value of $1,074,000 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Town/county taxes billed Jan 1 for the calendar year and school taxes Sep 1 for Jul-Jun are paid in advance; seller is usually credited for prepaid taxes.
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