A Simple Proposal to Simplify New York's Mortgage Recording Tax [1997]. Since this article was published, the mortgage recording tax has changed in only two ways: it has risen by 5 bps for major NYC transactions and by more elsewhere. This article appeared in New York Real Property Law Journal (NYSBA). Click here for subscription information. A version of this article appears in Stein on New York Commercial Mortgage Transactions, published in 2006, by LexisNexis Matthew Bender. For more information, click here.