Mortgage Recording Tax (NYC)
NYC charges mortgage recording tax when mortgages on NYC property are recorded and directs filers to use ACRIS to calculate combined NYS+NYC mortgage recording tax rates based on mortgage amount. NYC DOF notes the City Register collects MRT for boroughs using ACRIS, while Staten Island filings are handled in person by the Richmond County Clerk.
- Where it applies
- New York City
- When it comes up
- Closing → recording
- Property types
- NYC mortgage financings on deeded real property
Read more in the Knowledge Base
- Portfolio Diversification - Balancing NYC Assets with Broader Real Estate HoldingsBuyers
- Protected Classes Under Federal, NYS, and NYC LawRenters
- Structuring the Down Payment and Capital Stack for NYC Home BuyersBuyers
- The Mortgage Recording Tax - What NYC Buyers Pay and How to Reduce ItBuyers
- Mortgage Recording Tax Impact on Buyer IncentivesSellers
Related terms
Closing Process
- Closing (Settlement)
- Closing Disclosure (CD)
- Contract Deposit (Earnest Money) Escrow
- Escrow
- Escrow Agent
- Estoppel Certificate
- Holdback Escrow
- Loan Estimate (LE)
- Mansion Tax (Additional NYS Transfer Tax)
- NYC Real Property Transfer Tax (RPTT)
General information, not legal, tax or financial advice.