Free Southold, New York seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Southold, New York (Suffolk County). The calculator applies the local rates for you.
- Median home value
- $803,300
- Transfer tax on $805,000
- $18,345
- Seller costs on $805,000
- About $45,355
- Median property tax bill
- $7,545 a year
- County
- Suffolk County
- Population
- 24,083
Southold transfer tax
On an $805,000 sale in Southold, transfer taxes come to $18,345: NY State real estate transfer tax and Peconic Bay CPF + Community Housing Fund (Southold). By custom the seller pays $3,220 of that and the buyer $15,125. A buyer who finances 80% of the price also pays $5,122 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)). Southold has its own local transfer tax, so the total differs from the rest of Suffolk County, where the same sale would owe $3,220.
| Tax | Rate | Paid by | On $805,000 |
|---|---|---|---|
| NY State real estate transfer tax | $2.00 per $500 | Seller | $3,220 |
| Peconic Bay CPF + Community Housing Fund (Southold) | 2.5% of price above $200,000 (buyer) | Buyer | $15,125 |
| Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess) | 0.80% borrower (1.05% total) | Buyer | $5,122 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,000 | $1,250 | $2,250 |
| $500,000 | $2,000 | $7,500 | $9,500 |
| $805,000 local median value | $3,220 | $15,125 | $18,345 |
| $1,000,000 | $4,000 | $30,000 | $34,000 |
Example Southold seller net sheet
An $805,000 sale, close to Southold's median home value of $803,300, with a 5% commission and a $485,000 mortgage payoff. Seller costs come to about $45,355, or 5.6% of the price.
| Line | Seller |
|---|---|
| Sale price | $805,000 |
| First mortgage payoff | −$485,000 |
| Real estate commission (5%) | −$40,250 |
| NY State real estate transfer tax | −$3,220 |
| 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 | $274,645 |
Who pays what in Southold
Southold 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 Southold
The median property tax bill for homeowners in Southold is $7,545 a year, about 0.94% of the median home value of $803,300 (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.
Southold seller questions
How much is the transfer tax in Southold, New York?
On an $805,000 sale in Southold, transfer taxes come to $18,345: NY State real estate transfer tax and Peconic Bay CPF + Community Housing Fund (Southold). By custom the seller pays $3,220 of that and the buyer $15,125. A buyer who finances 80% of the price also pays $5,122 in mortgage taxes (Mortgage recording tax (Nassau/Suffolk/Putnam/Orange/Dutchess)). Southold has its own local transfer tax, so the total differs from the rest of Suffolk County, where the same sale would owe $3,220.
How much are seller closing costs in Southold?
On an $805,000 sale, close to the median home value in Southold, with a 5% commission, estimated seller costs are about $45,355 (5.6% of the price). Without commission they are about $5,105. The loan payoff and property tax proration change the final number.
What county is Southold in, and does it matter at closing?
Southold 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 Southold?
The median property tax bill for homeowners in Southold is $7,545 a year, about 0.94% of the median home value of $803,300 (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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