In short
Yonkers charges 2 local taxes on a home sale: Yonkers Real Estate Transfer Tax, NYS additional tax. On the median owner-occupied home ($521,700), local taxes come to $7,826; with the New York state tax of $2,088, the total is $9,914, or 1.9% of the price.
Median value: $521,700 median value of owner-occupied homes, Yonkers city, New York (Census ACS 2024 1-year, table B25077). It is an owner estimate, not a sale price.
What you pay at different prices
| Price | Yonkers Real Estate Transfer Tax | NYS additional tax ('mansion tax') | New York state tax | Total |
|---|---|---|---|---|
| $300,000 | $4,500 | $0 | $1,200 | $5,700 |
| $500,000 | $7,500 | $0 | $2,000 | $9,500 |
| $521,700 median home | $7,826 | $0 | $2,088 | $9,914 |
| $1,000,000 | $15,000 | $10,000 | $4,000 | $29,000 |
| $2,000,000 | $30,000 | $20,000 | $8,000 | $58,000 |
Before exemptions and credits (first-time buyers, transfers between relatives…), which are listed below when the source gives them. The tax due on your deed is the one the recorder computes.
The rates, tax by tax
Yonkers Real Estate Transfer Tax
1.5% of the selling price; no tax if the sale is $25,000 or less. Co-op unit sales are not subject to the city tax.
Who pays: the seller is required to pay the tax.
Exemptions: Sales of Co-op units are not required to pay the City of Yonkers transfer tax. No tax is required if a sale is $25,000 or less.
In force: In force (city page read October 2026). Source: City of Yonkers - Real Estate Transfer Tax.
NYS additional tax ('mansion tax')
State tax of 1% of the whole consideration on residential conveyances of $1 million or more (applies statewide, including NYC).
Who pays: The additional tax and supplemental tax are paid by the grantee, at the same time and in the same manner as the real estate transfer tax.
In force: In force. Source: NYS Tax Department, Instructions for Form TP-584-NYC (TP-584-NYC-I, 8/25).
Questions
How much local transfer tax do you pay on a median home in Yonkers?
$7,826 on $521,700, the median value of owner-occupied homes (Census ACS). Payotte computes it from the rates published by the official sources cited on the page.
Who pays the Yonkers Real Estate Transfer Tax in Yonkers?
the seller is required to pay the tax.
Is the local tax on top of the New York tax?
Yes. The local taxes listed here are added to the New York state transfer tax.
General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.