Exam term

Mortgage recording tax

A New York tax on the secured principal of a mortgage, not the sale price. Tax Law § 253 imposes 50 cents per $100 or major fraction, plus additional components.

Lessons that use this term

Closing costs, transfer and mortgage recording taxes, and prorations New York
Area and length, basic mortgage qualifying, and transfer, mortgage recording and property tax rates New York
Condominium certificates of occupancy, title, closing costs, and buyer qualification New York