New YorkA 53292025-2026 Regular SessionHouseWALLET

Extends the expiration of the mortgage recording tax imposed by the city of Yonkers

Sponsored By: J. Gary Pretlow (Democratic)

Became Law

WAYS AND MEANSRULESINVESTIGATIONS AND GOVERNMENT OPERATIONS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Mortgage recording tax in Yonkers through 2027

The City of Yonkers keeps its local mortgage recording tax through August 31, 2027. When you record a mortgage on Yonkers property, you pay $0.50 per $100 of the loan (0.5%). Mortgages under $100 pay at least $0.50. This is a one-time charge when the mortgage is recorded. It applies to mortgages recorded while the tax is in effect.

Sponsors & Cosponsors

Sponsor

J. Gary Pretlow
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 51 • No: 8

House vote • 5/27/2025

FLOOR Vote