Free New York County, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in New York County. The calculator applies New York and New York County rates for you.
- Median home value
- $1,108,900
- Transfer tax on $1,110,000
- $31,358
- Seller costs on $1,110,000
- About $77,643
- Median property tax bill
- more than $10,000 a year
- Owner's title policy
- Buyer pays
- Population
- 1,627,788
New York County transfer tax
On a $1,110,000 sale in New York County, transfer taxes come to $31,358: NY State real estate transfer tax, Mansion tax (NYC progressive, residential $1M+) and NYC real property transfer tax (residential). By custom the seller pays $20,258 of that and the buyer $11,100. A buyer who finances 80% of the price also pays $17,064 in mortgage taxes (NYC mortgage recording tax (borrower share)).
| Tax | Rate | Paid by | On $1,110,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $4,440 |
| Mansion tax (NYC progressive, residential $1M+) | 1% to 3.9% of the whole price by bracket | Buyer | $11,100 |
| NYC real property transfer tax (residential) | 1% up to $500,000; 1.425% above (whole price) | Seller | $15,817.50 |
| NYC mortgage recording tax (borrower share) | 1.80% under $500,000; 1.925% at $500,000+ (borrower share) | Buyer | $17,064 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $3,500 | $0 | $3,500 |
| $500,000 | $7,000 | $0 | $7,000 |
| $1,000,000 | $18,250 | $10,000 | $28,250 |
| $1,110,000 local median value | $20,257.50 | $11,100 | $31,357.50 |
Example New York County seller net sheet
A $1,110,000 sale, close to the county's median home value of $1,108,900, with a 5% commission and a $665,000 mortgage payoff. Seller costs come to about $77,643, or 7% of the price.
| Line | Seller |
|---|---|
| Sale price | $1,110,000 |
| First mortgage payoff | −$665,000 |
| Real estate commission (5%) | −$55,500 |
| NY State real estate transfer tax | −$4,440 |
| NYC real property transfer tax (residential) | −$15,817.50 |
| 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 | $367,357.50 |
Who pays what in New York County
In New York 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 New York County
The median property tax bill for homeowners in New York County is more than $10,000 a year (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. NYC fiscal year Jul-Jun, billed quarterly or semiannually in advance.
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.
New York County seller questions
How much is the transfer tax in New York County, New York?
On a $1,110,000 sale in New York County, transfer taxes come to $31,358: NY State real estate transfer tax, Mansion tax (NYC progressive, residential $1M+) and NYC real property transfer tax (residential). By custom the seller pays $20,258 of that and the buyer $11,100. A buyer who finances 80% of the price also pays $17,064 in mortgage taxes (NYC mortgage recording tax (borrower share)).
How much are seller closing costs in New York County?
On a $1,110,000 sale, close to the median home value in New York County, with a 5% commission, estimated seller costs are about $77,643 (7% of the price). Without commission they are about $22,143. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in New York County?
In New York 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.
How much are property taxes in New York County?
The median property tax bill for homeowners in New York County is more than $10,000 a year (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. NYC fiscal year Jul-Jun, billed quarterly or semiannually in advance.
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