I need to know what the property sales taxes are in the borough Queens, New York. Any resources?

Miss Dee asked:

I’ve been told that the percentage on property sales tax varies depending on the selling price of the property. I’m doing my homework before considering investing into real estate. Is there some sort of online database with simplified terms (since I’m not in the real estate industry) that can pinpoint an average amount I would pay on taxes depending on the sale price and location in NYC?

Vancouver WA Real Estate

By: Admin | 02/21/09 | Renting & Real Estate | Trackback | Comments [RSS 2.0]

One Response to “I need to know what the property sales taxes are in the borough Queens, New York. Any resources?”

ILoveKeyLimePie

Comment by ILoveKeyLimePie | 02/24/09 at 1:21 am

Simi Valley Real Estate

Whoever is telling you that really doesn’t know what they are talking about.

There is no such thing as a “property sales tax” in NYC.

NYC has a real property transfer tax, and the rate depends on the type of transfer and the amount of the transfer. The rates vary from 1% to 2.625%, depending on the type and consideration.

Also, the “selling price” has next to nothing to do with your property taxes in NYC. Sales comparisons are a part of determining estimated market value, but only a part of it.

You can read up on it here:

I need to know what the property sales taxes are in the borough Queens, New York. Any resources?

One Response to “I need to know what the property sales taxes are in the borough Queens, New York. Any resources?”

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