Skip to main content

Mortgage Tax Rate

Mortgage Tax Rate Update - Effective 12/1/2009 (.pdf)

Effective November 1, 2007, Mortgage Tax for properties in Dutchess County is calculated in four ways:

  1. For property that is improved or to be improved by a one or two family residence and the mortgage amount is $9,950 or less, the mortgage tax is calculated by rounding the mortgage up or down to the nearest one hundred dollars ($50.00 and lower rounds down, $50.01 and higher rounds up). The mortgage tax rate is .75% of the rounded amount.
  2. For property that is improved or to be improved by a one or two family residence and the mortgage amount is $10,000 or more, the mortgage tax is calculated by rounding the mortgage up or down to the nearest one hundred dollars ($50.00 and lower rounds down, $50.01 and higher rounds up). The mortgage tax rate is 1.05% of the rounded amount less $30
  3. For property that is improved or to be improved by a three to six family residence, the mortgage tax is calculated by rounding the mortgage up or down to the nearest one hundred dollars ($50.00 and lower rounds down, $50.01 and higher rounds up). The mortgage tax rate is 1.05% of the rounded amount.
  4. For commercial property, the mortgage tax is calculated by rounding the mortgage up or down to the nearest one hundred dollars ($50.00 and lower rounds down, $50.01 and higher rounds up). The mortgage tax rate is 1.05% of the rounded amount.

Mortgages for property in the town of Red Hook are subject to an additional transfer tax. Information can be found here: County Clerk: Forms and Guidebooks

Try our Mortgage Tax Calculator to help you determine mortgage fees and/or deed fees