Red Hook transfer tax
On a $400,000 home sale in Red Hook, NY, transfer taxes come to $1,600 (0.4% of the price): New York State real estate transfer tax ($2 per $500), New York mansion tax (1% above a threshold) and Red Hook Community Preservation transfer tax (2% above a threshold), paid by the seller.
We couldn't fully confirm this rate from an official source. Treat it as an estimate and check with the local tax office.
Rate and exemption are from a real-estate broker summary. We could not check them against the local law, so confirm with the town before relying on them.
Red Hook transfer tax calculator
- State
- Special
| 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 |
| Red Hook Community Preservation transfer taxSpecial | 2% above a threshold | Buyer | $0.00 |
| Total transfer tax (0.4% of the price) | $1,600.00 | ||
"Who pays" is the customary or legal default; your purchase contract can move it.
Transfer tax in Red Hook by home price
| Sale price | Total tax | Effective rate | Seller | Buyer |
|---|---|---|---|---|
| $250,000 | $1,000 | 0.4% | $1,000 | $0 |
| $400,000 | $1,600 | 0.4% | $1,600 | $0 |
| $600,000 | $6,000 | 1% | $2,400 | $3,600 |
| $800,000 | $10,800 | 1.35% | $3,200 | $7,600 |
| $1,000,000 | $25,600 | 2.56% | $4,000 | $21,600 |
| $1,500,000 | $42,600 | 2.84% | $6,000 | $36,600 |
| $2,500,000 | $76,600 | 3.064% | $10,000 | $66,600 |
| $5,000,000 | $161,600 | 3.232% | $20,000 | $141,600 |
Negotiable amounts are shown half to each side.
Selling in Red Hook?
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.
Questions
What is the transfer tax rate in Red Hook?
0.4% 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); Red Hook Community Preservation transfer tax (2% above a threshold).
Who pays transfer tax in Red Hook?
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.. Red Hook Community Preservation transfer tax: Buyer. The purchase contract can assign it differently.
How much is transfer tax on a $500,000 house in Red Hook?
$3,600 in total (seller $2,000, buyer $1,600).
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. 1438-b (Red Hook CPF tax, max 2%, repeal 12/31/2026)
- Country House Realty - Hudson Valley community preservation tax explained (rates and thresholds)
- 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.