Warwick transfer tax
On a $400,000 home sale in Warwick, NY, transfer taxes come to $3,850 (0.963% of the price): New York State real estate transfer tax ($2 per $500), New York mansion tax (1% above a threshold) and Town of Warwick Community Preservation Fund transfer tax (0.75% above a threshold), split between buyer and seller as shown below.
Authorized by Tax Law Article 31-F (max 0.75%).
Warwick 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 |
| Town of Warwick Community Preservation Fund transfer taxSpecial | 0.75% above a threshold | Buyer | $2,250.00 |
| Total transfer tax (0.963% of the price) | $3,850.00 | ||
"Who pays" is the customary or legal default; your purchase contract can move it.
Transfer tax in Warwick by home price
| Sale price | Total tax | Effective rate | Seller | Buyer |
|---|---|---|---|---|
| $250,000 | $2,125 | 0.85% | $1,000 | $1,125 |
| $400,000 | $3,850 | 0.963% | $1,600 | $2,250 |
| $600,000 | $6,150 | 1.025% | $2,400 | $3,750 |
| $800,000 | $8,450 | 1.056% | $3,200 | $5,250 |
| $1,000,000 | $20,750 | 2.075% | $4,000 | $16,750 |
| $1,500,000 | $31,500 | 2.1% | $6,000 | $25,500 |
| $2,500,000 | $53,000 | 2.12% | $10,000 | $43,000 |
| $5,000,000 | $106,750 | 2.135% | $20,000 | $86,750 |
Negotiable amounts are shown half to each side.
Selling in Warwick?
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 Warwick?
0.963% 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); Town of Warwick Community Preservation Fund transfer tax (0.75% above a threshold).
Who pays transfer tax in Warwick?
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.. Town of Warwick Community Preservation Fund transfer tax: Buyer — Grantee pays (Town Code 7-2-23).. The purchase contract can assign it differently.
How much is transfer tax on a $500,000 house in Warwick?
$5,000 in total (seller $2,000, buyer $3,000).
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. 1449-bbbb (Warwick, max 0.75%)
- Town of Warwick - CPF transfer tax notice (Local Law 6 of 2006)
- Town of Warwick - CPF transfer tax form
- 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.