- 1. Post-Acquisition Tax Reassessment Trigger
- Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).
- 2. Hazard, Windstorm & Catastrophe Insurance Tier
- NYC Tax Class 1 (1–3u) vs. Class 2 (4+u) + NY CEMA Eligible
- 3. Mortgage Recording, Doc Stamp & Transfer Tax Rule
- NY Mortgage Recording Tax (1.80%–2.80% depending on county and loan size) — eligible for 40%–70% reduction via NY CEMA (Consolidation, Extension, and Modification Agreement) on refinances.
- 4. Wholesale Escrow & Tax-Reduction Strategy
- Request CEMA assignment from existing lender to save $8,000–$22,000+ in NY mortgage recording tax.