Yonkers transfer tax
On a $400,000 home sale in Yonkers, NY, transfer taxes come to $7,600 (1.9% of the price): New York State real estate transfer tax ($2 per $500), New York mansion tax (1% above a threshold) and City of Yonkers real estate transfer tax (1.5%), paid by the seller.
Westchester County has no county transfer tax. NYS 0.4% transfer tax (state) applies on top.
Yonkers 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 Yonkers real estate transfer taxCity | 1.5% | Seller | $6,000.00 |
| Total transfer tax (1.9% of the price) | $7,600.00 | ||
"Who pays" is the customary or legal default; your purchase contract can move it.
Transfer tax in Yonkers by home price
| Sale price | Total tax | Effective rate | Seller | Buyer |
|---|---|---|---|---|
| $250,000 | $4,750 | 1.9% | $4,750 | $0 |
| $400,000 | $7,600 | 1.9% | $7,600 | $0 |
| $600,000 | $11,400 | 1.9% | $11,400 | $0 |
| $800,000 | $15,200 | 1.9% | $15,200 | $0 |
| $1,000,000 | $29,000 | 2.9% | $19,000 | $10,000 |
| $1,500,000 | $43,500 | 2.9% | $28,500 | $15,000 |
| $2,500,000 | $72,500 | 2.9% | $47,500 | $25,000 |
| $5,000,000 | $145,000 | 2.9% | $95,000 | $50,000 |
Negotiable amounts are shown half to each side.
Selling in Yonkers?
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 Yonkers?
1.9% 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 Yonkers real estate transfer tax (1.5%).
Who pays transfer tax in Yonkers?
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 Yonkers real estate transfer tax: Seller. The purchase contract can assign it differently.
How much is transfer tax on a $500,000 house in Yonkers?
$9,500 in total (seller $9,500, 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
- City of Yonkers - Real Estate Transfer Tax
- City of Yonkers - Real Estate Transfer Tax (Finance)
- 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.