Change Ownership Of Shares In Suffolk
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FAQ
How do I obtain a copy of my property deed? Property deeds are recorded in the Suffolk County Clerk's Office in Riverhead, NY. The direct phone number is (631) 852-2000.
Transfer Tax is due on all conveyances with consideration greater than $500.00. The amount of tax is computed at $2.00 per $500.00, or any fraction thereof. (Example: $750.00; Consideration = $4.00 tax.) Mansion Tax is due on all residential conveyances where the consideration is $1,000,000.00 or greater.
This responsibility typically lies with your title or escrow agent. They will “record” the deed by filling out and filing your original deed in the appropriate government office in your local county.
Whatever the reason, you will need to retain an attorney, experienced in real estate, to draft a new deed conveying (i.e., transferring) your home to yourself and the person you wish to add to your title. In addition to the deed, your attorney will also need to prepare transfer tax returns.
Every deed must have a completed Suffolk County Recording and Endorsement Page, printed on legal size (8 1/2 x 14) paper, as the first page of the document. Every deed must contain the names and addresses of the purchaser and the seller. A post office box address is not acceptable.
