Free Newburgh, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Newburgh, New York (Orange County). The calculator applies the local rates for you.
- Median home value
- $221,100
- Transfer tax on $220,000
- $880
- Seller costs on $220,000
- About $13,765
- Median property tax bill
- $6,109 a year
- County
- Orange County
- Population
- 28,181
Newburgh transfer tax
On a $220,000 sale in Newburgh, transfer taxes come to $880: NY State real estate transfer tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $1,378 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)).
| Tax | Rate | Paid by | On $220,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $880 |
| Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess) | 0.80% borrower (1.05% total) | Buyer | $1,378 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $220,000 local median value | $880 | $0 | $880 |
| $250,000 | $1,000 | $0 | $1,000 |
| $500,000 | $2,000 | $0 | $2,000 |
| $1,000,000 | $4,000 | $10,000 | $14,000 |
Example Newburgh seller net sheet
A $220,000 sale, close to Newburgh's median home value of $221,100, with a 5% commission and a $130,000 mortgage payoff. Seller costs come to about $13,765, or 6.3% of the price.
| Line | Seller |
|---|---|
| Sale price | $220,000 |
| First mortgage payoff | −$130,000 |
| Real estate commission (5%) | −$11,000 |
| NY State real estate transfer tax | −$880 |
| 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 | $76,235 |
Who pays what in Newburgh
Newburgh closings follow Orange County customs. In Orange 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 Newburgh
The median property tax bill for homeowners in Newburgh is $6,109 a year, about 2.76% of the median home value of $221,100 (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.
Newburgh seller questions
How much is the transfer tax in Newburgh, New York?
On a $220,000 sale in Newburgh, transfer taxes come to $880: NY State real estate transfer tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $1,378 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)).
How much are seller closing costs in Newburgh?
On a $220,000 sale, close to the median home value in Newburgh, with a 5% commission, estimated seller costs are about $13,765 (6.3% of the price). Without commission they are about $2,765. The loan payoff and property tax proration change the final number.
What county is Newburgh in, and does it matter at closing?
Newburgh is in Orange 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 Orange 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 Newburgh?
The median property tax bill for homeowners in Newburgh is $6,109 a year, about 2.76% of the median home value of $221,100 (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.
Other cities in Orange County
- Kiryas Joel
- Palm Tree
- Wallkill
- Middletown
- New Windsor
- Blooming Grove
- Highlands
- Cornwall
- Woodbury
- Scotchtown
- Warwick
- Greenwood Lake
Cities near Newburgh
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