Free Queens County, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Queens County. The calculator applies New York and Queens County rates for you.
- Median home value
- $699,200
- Transfer tax on $700,000
- $12,775
- Seller costs on $700,000
- About $49,660
- Median property tax bill
- $6,130 a year
- Owner's title policy
- Buyer pays
- Population
- 2,330,124
Queens County transfer tax
On a $700,000 sale in Queens County, transfer taxes come to $12,775: NY State real estate transfer tax and NYC real property transfer tax (residential). By custom the seller pays it. A buyer who finances 80% of the price also pays $10,750 in mortgage taxes (NYC mortgage recording tax (borrower share)).
| Tax | Rate | Paid by | On $700,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $2,800 |
| NYC real property transfer tax (residential) | 1% up to $500,000; 1.425% above (whole price) | Seller | $9,975 |
| NYC mortgage recording tax (borrower share) | 1.80% under $500,000; 1.925% at $500,000+ (borrower share) | Buyer | $10,750 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $3,500 | $0 | $3,500 |
| $500,000 | $7,000 | $0 | $7,000 |
| $700,000 local median value | $12,775 | $0 | $12,775 |
| $1,000,000 | $18,250 | $10,000 | $28,250 |
Example Queens County seller net sheet
A $700,000 sale, close to the county's median home value of $699,200, with a 5% commission and a $420,000 mortgage payoff. Seller costs come to about $49,660, or 7.1% of the price.
| Line | Seller |
|---|---|
| Sale price | $700,000 |
| First mortgage payoff | −$420,000 |
| Real estate commission (5%) | −$35,000 |
| NY State real estate transfer tax | −$2,800 |
| NYC real property transfer tax (residential) | −$9,975 |
| 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 | $230,340 |
Who pays what in Queens County
In Queens 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 Queens County
The median property tax bill for homeowners in Queens County is $6,130 a year, about 0.88% of the median home value of $699,200 (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.
Queens County seller questions
How much is the transfer tax in Queens County, New York?
On a $700,000 sale in Queens County, transfer taxes come to $12,775: NY State real estate transfer tax and NYC real property transfer tax (residential). By custom the seller pays it. A buyer who finances 80% of the price also pays $10,750 in mortgage taxes (NYC mortgage recording tax (borrower share)).
How much are seller closing costs in Queens County?
On a $700,000 sale, close to the median home value in Queens County, with a 5% commission, estimated seller costs are about $49,660 (7.1% of the price). Without commission they are about $14,660. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in Queens County?
In Queens 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 Queens County?
The median property tax bill for homeowners in Queens County is $6,130 a year, about 0.88% of the median home value of $699,200 (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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