The City says City and County taxes are billed separately. If you have a tax notice, check which office issued it and ask that office to confirm the account and current amount for the property. Contact the City Treasurer for a City tax question; use the County Treasurer’s contact for a County-level question.
New York State real estate transfer tax is $2 for each $500 of the sale price, or part of $500, when the price exceeds $500. The seller normally pays this base tax, but the sale agreement can provide otherwise; local transfer taxes may add. A separate 1% mansion tax applies to residential sales of $1 million or more and is normally paid by the buyer. Ask the closing professional to confirm any applicable tax or exemption and who pays each item in the written sale terms.
When you sell to us, we pay the closing costs, including New York State real estate transfer tax and any applicable local real estate transfer taxes. Mortgage balances, liens, back taxes, and your share of current property taxes are separate.
New York State Department of Taxation and Finance: real estate transfer tax ↗