Peekskill transfer tax
On a $400,000 home sale in Peekskill, NY, transfer taxes come to $5,600 (1.4% of the price): New York State real estate transfer tax ($2 per $500), New York mansion tax (1% above a threshold) and City of Peekskill real property transfer tax (1%), paid by the seller.
Westchester County has no county transfer tax. NYS 0.4% transfer tax applies on top.
Peekskill transfer tax calculator
- State
- City
| Tax | Rate | Who pays | Amount |
|---|---|---|---|
| New York State real estate transfer taxState | $2 per $500 | Seller | $1,600.00 |
| New York mansion taxState | 1% above a threshold | Buyer | $0.00 |
| City of Peekskill real property transfer taxCity | 1% | Seller | $4,000.00 |
| Total transfer tax (1.4% of the price) | $5,600.00 | ||
"Who pays" is the customary or legal default; your purchase contract can move it.
Transfer tax in Peekskill by home price
| Sale price | Total tax | Effective rate | Seller | Buyer |
|---|---|---|---|---|
| $250,000 | $3,500 | 1.4% | $3,500 | $0 |
| $400,000 | $5,600 | 1.4% | $5,600 | $0 |
| $600,000 | $8,400 | 1.4% | $8,400 | $0 |
| $800,000 | $11,200 | 1.4% | $11,200 | $0 |
| $1,000,000 | $24,000 | 2.4% | $14,000 | $10,000 |
| $1,500,000 | $36,000 | 2.4% | $21,000 | $15,000 |
| $2,500,000 | $60,000 | 2.4% | $35,000 | $25,000 |
| $5,000,000 | $120,000 | 2.4% | $70,000 | $50,000 |
Negotiable amounts are shown half to each side.
Selling in Peekskill?
Transfer tax is usually the second-biggest closing cost after the agent's commission. Comparing agents' fees often saves more than any exemption.
Exemptions in New York
- Consideration of $500 or less
- Transfers to the U.S., New York State or its agencies/political subdivisions
- Gifts and transfers for no consideration
- Conveyances given only as security for a debt (and their release)
- Deeds that only correct or confirm a prior deed
- Transfers between a person and an entity with no change in beneficial ownership
Local exemptions can differ; see New York transfer tax.
Elsewhere in Westchester County
Questions
What is the transfer tax rate in Peekskill?
1.4% of the price on a $400,000 sale: New York State real estate transfer tax ($2 per $500); New York mansion tax (1% above a threshold); City of Peekskill real property transfer tax (1%).
Who pays transfer tax in Peekskill?
New York State real estate transfer tax: Seller — Seller (grantor) by law; buyer pays if the seller does not or is exempt.. New York mansion tax: Buyer — Paid by the buyer; seller pays if buyer is exempt.. City of Peekskill real property transfer tax: Seller. The purchase contract can assign it differently.
How much is transfer tax on a $500,000 house in Peekskill?
$7,000 in total (seller $7,000, buyer $0).
Who pays transfer tax in New York?
The seller pays the $2 per $500 state transfer tax; the buyer pays the 1% mansion tax on homes of $1 million or more.
Is the mansion tax charged only on the amount over $1 million?
No. Once the price reaches $1 million, 1% applies to the entire price.
Sources
- NY Tax Law sec. 1206 (Peekskill deed tax authorization)
- City of Peekskill real property transfer tax return (Chapter 521)
- City of Peekskill Code - transfer tax (L.L. 11-2010)
- NY Department of Taxation and Finance – Real estate transfer tax
- NY Tax Law Article 31, §1402 (rate)
Last checked October 13, 2026. Rates in effect for residential sales; commercial, leasehold and entity transfers can differ. Always confirm with your title company or closing attorney before closing.