The combined city and state real estate transfer tax rate in Yonkers is 1.9% of the sale price.
Yonkers charges both a city and state transfer tax. The Yonkers city transfer tax rate is 1.5%, and the NYS Transfer Tax rate in Yonkers is 0.4%. The total transfer tax rate in Yonkers is 1.9%. Transfer taxes in Yonkers are a seller closing cost.
The Yonkers city transfer tax does not apply to co-ops. If you’re selling a co-op apartment in Yonkers, you’re only responsible for the NYS Transfer Tax of 0.4% of the sale price.
There is no Yonkers city transfer tax payable on sales of $25,000 or less.
The combined city and state transfer tax rate for sellers in Yonkers, New York is 1.9% of the total consideration.
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