2 Thoughts on what is a real estate tax stamp? I live in New York state.?
  1. Reply
    February 3, 2014 at 6:34 am

    every state has various taxes for conveyance of properties, usually a percentage of purchase price. that is what this is, although amount seems high and didn’t realize it applies on refi’s

  2. Reply
    February 3, 2014 at 7:33 am

    It’s a mortgage tax and it’s based on a percentage of the amount you are going to borrow. Seems like a lot of money. Maybe you need to shop around to get better closing costs for your refinancing. The mortgage company (or bank) has to provide you, by law, a detailed description of all closing costs before the closing. Don’t go to the closing if you haven’t been provided that. Again, shop around.

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