NY Tax Law Article 11, § 253 (Recording Tax on Mortgages); NYC additional tax authorized by NY Tax Law § 253-a and imposed under NYC Administrative Code Title 11, Chapter 26
NY Tax Law § 253 imposes a tax on recording a mortgage on real property situated in New York State, comprising a basic tax of 50 cents per $100 of principal debt secured (§253(1)), a special additional tax of 25 cents per $100 on most non-natural-person mortgagees (§253(1-a)), and an additional tax of 30 cents per $100 for counties within the Metropolitan Commuter Transportation District, which includes the five NYC boroughs (§253(2)). Separately, New York City levies a further additional mortgage recording tax — authorized by NY Tax Law § 253-a and imposed under NYC Administrative Code Title 11, Chapter 26 — at rates that vary by property type (1–3 family homes, co-ops, and condos vs. other property) and mortgage amount (a $500,000 threshold), producing combined NYC rates of roughly 2.05% to 2.80%.
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
N.Y. Real Property Tax Law § 425 (Basic & Enhanced STAR)
N.Y. Real Property Tax Law § 467-a
N.Y. Real Property Tax Law § 467-a; N.Y.C. Admin. Code § 11-245.4; 19 RCNY Ch. 50
N.Y. Real Property Tax Law §§ 489-aaaaaa to 489-kkkkkk; NYC Admin. Code §§ 11-268 to 11-278; 19 RCNY Ch. 36
N.Y. Real Property Tax Law Art. 18 §§ 1801-1806 (esp. § 1802 classification, § 1805 assessment increase caps)
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