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Yonkers New York online Form 1099-PATR: What You Should Know

If the property is  categorized as “Second Housing Unit,” the tax rate is .5% of the sales price. “Real  Property” includes “building lots, vacant lots and buildings” (in which the land is  consenting or in which rights of way are constructed) and “residential structures”. In each  case the seller is required to withhold tax on the net proceeds of the real estate transfer tax. (Y1203) Yonkers, NY real estate transfers — NYC Tax & Finance Department Website Dec 16, 2025 — For more info about NY Real Estate Tax, see: NY REAL ESTATE TAX.

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