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Property

Mortgage Recording Tax

Who is Subject to this Tax?
A NYC Mortgage Recording Tax is charged for mortgages recorded on property in the five boroughs.  Some exceptions may apply. Finance’s Office of the New York City Register (or, in Staten Island, the Richmond County Clerk) collects this tax.

Tax Forms and Filing Information
All property documents for Queens, Brooklyn, Manhattan and the Bronx are recorded online using the ACRIS System. The correct Mortgage Recording Tax information and documents must be provided at the time of recording.  This includes any exemption claims.
File Online Graphic ACRIS Online City Register Information Service

Documents for Staten Island Properties must be recorded in person at the Richmond County Clerk’s Office.

Tax Rates
There is a New York State and New York City Mortgage Recording Tax for mortgages recorded on property in the five boroughs of New York City. The total for both rates when the principal amount of the mortgage is:

  • Less than $500,000:
    • $2.05 for each $100, or major fraction of the principal amount.
    • If the property to be covered is a one- or two-family house, the tax is reduced to $1.75 for each $100 of the first $10,000 of the principal amount.  
  • $500,000 or more and the property to be covered is a one-, two-, or three-family house or individual residential condominium unit:
    • $2.175 for each $100, or major fraction of the principal amount.
    • If the mortgage is for a one- or two-family house the tax is reduced to $1.75 for each $100 of the first $10,000 of the principal amount.
  • $500,000 or more and the property to be covered is not a one-, two, or three-family house or individual residential condominium unit:
    • $2.80 for each $100, or major fraction of the principal.

Legal Authority

Title 11, Chapter 26, Administrative Code

Tax Law Section 253-a

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There is no Office of the City Register in Staten Island. Property documents are recorded by the Richmond County Clerk.


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