I bought a farm in 2023. The closing documents show under recording charges $3750 in mortgage tax. Is this the special additional mortgage recording tax?

posted

Perhaps.

New York has a "Special Additional Tax" also known as "The Quarter Point" since it is .25% of the selling price.

If the farm cost 1,500,000 that tax would be 3,750 (1,500,000 x .0025)

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Do you have an Intuit account?