Closing Cost Estimator - Taxes

Tax Nassau & Suffolk Hamptons NYC & Boroughs Mortgage Tax (real property only) 0.80% less $30 0.80% less $30 1.80% less $30 up to $500k 1.925% less $30 greater than $500k Transfer Tax (paid by the seller unless sale by a sponsor) 0.4% of Purchase Price 0.4% of Purchase Price $500k and under: 1.425% Over $500k: 1.825% Mansion Tax (Properties $1,000,000 and over) 1% 1% 1% Peconic Bay Tax N/A South Fork: House: 2% of Price > $250k Land: 2% of Price $100k North Fork: House: 2% of Price > $150k Land: 2% of Price > $75k N/A

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