New York RP-5217-N is a form used by New York state real estate owners and tenants to report real estate taxes to the state. It is also known as the Real Property Transfer Report or the Real Property Tax Form. This form is used to report transfer of ownership, changes in ownership, and other transactions involving real estate in New York. It is broken down into five separate parts: Part A — Transferor Information, Part B – Transferee Information, Part — – Property Information, Part D – Tax Payment Information, and Part — – Transferor and Transferee Certifications. There are three types of New York RP-5217-N forms: RP-5217-N-E, RP-5217-N-R, and RP-5217-N-S. RP-5217-N-E is for reporting transfers of ownership of real estate; RP-5217-N-R is for reporting changes in ownership of real estate; and RP-5217-N-S is for reporting other transactions involving real estate.
New York RP-5217-N
Description
How to fill out New York RP-5217-N?
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FAQ
There is a $100 fee to file the RPTT for non-deed transfers.
If the value is $500,000 or less, the rate is 1.425% of the price. If the value is more than $500,000 the rate is 2.625%.
The filing fee is generally $125 for residential and farm properties and $250 for all other properties.
NYC & New York State Transfer Taxes: Transfer taxes are paid by sellers (unless it's a new development and you are the sponsor). The New York City Real Property Transfer Tax is 1% of the price if the value is $500,000 or less, or 1.425% if it is more.
How To Avoid Paying NYC Transfer Tax? The only way to avoid paying NYC transfer tax is by selling your property through a 1031 exchange. A 1031 exchange allows investors to defer capital gains taxes on investment properties by reinvesting the proceeds from the sale into another qualifying property.
The filing fee is generally $125 for residential and farm properties and $250 for all other properties.
The RP-5217NYC Real Property Transfer Report is a form (RPL Article 9, Section 333) used to document. the information associated with all real property transfers within New York City. Effective January 1, 2003, an. original RP-5217 form must accompany all deeds and correction deeds upon filing with the City Register or.