NY DTF RP-5217-PDF-INS 2013-2025 free printable template

RP-5217-PDF-INS Rev. 06/13 RP-5217-PDF Real Property Transfer Report Instructions Data Management Unit 518 473-9791 Tax and Finance www. For counties where RP-5217-PDF is yet to be approved the RP-5217 4-part form must be used. For transfers within the 5 boroughs of New York City the RP-5217-NYC must be used. An original RP-5217PDF form must accompany all deeds and correction deeds upon filing with the Recording Officer. The RP-5217-PDF Real Property Transfer Report RPL Article 9 Section 333...

How to fill out 5217 nys form

How to fill out NY DTF RP-5217-PDF-INS

1. Obtain a copy of the NY DTF RP-5217-PDF-INS form from the New York State Department of Taxation and Finance website.
2. Begin by filling in your name and contact information in the designated fields.
3. Provide the property address for which the transfer is being reported.
4. Complete the sections related to the transferor(s) and transferee(s), including names, addresses, and identification details.
5. Specify the type of property (residential, commercial, etc.) in the appropriate section.
6. Indicate the nature of the transfer (sale, gift, etc.) and provide the necessary details about the transaction.
7. If applicable, complete any additional sections relevant to exemptions or special circumstances.
8. Review all entered information for accuracy and completeness.
9. Sign and date the form before submission.
10. Submit the completed form to the appropriate local authority as instructed.

Who needs NY DTF RP-5217-PDF-INS?

1. Individuals or entities engaged in transferring real property in New York State.
2. Sellers and buyers involved in real estate transactions.
3. Heirs or beneficiaries receiving property as part of an estate.
4. Donors and recipients of property gifts.
5. Anyone seeking to document the change in ownership of real property for legal or tax purposes.

Who needs an RP-5217 Form?

An RP-5217 Form is necessary for County Recording officers, whose duties are to submit monthly reports to the Office of Real Property Tax Services about real property transfers.

The form must be filled out by the parties to the real estate transaction, the Seller, and the Buyer, and partially by the County Recording personnel as well.

What is the Form RP-5217 for?

Form RP-5217 is a Real Property Transfer Report, which must be completed in order to record the information regarding real property transfers for approved counties within New York State.

Is RP-5217 Form accompanied by other forms?

There is no need to accompany the RP-5217 Report by any other form. However, the Real Property Transfer Report itself must be provided as a document supporting the deeds and deed corrections.

When is RP-5217 Real Property Transfer Report due?

The submission of the RP-5217 is not restricted by any specific due dates. Thus, as it is aimed to accompany the deed, it should be filled out consequently.

How do I fill out the Form RP-5217?

The following items must be clearly filled out in the Real Property Transfer Report:

- Property Information

- Sale Information

- Assessment Information

- Certification

Where do I send the Real Property Transfer Report Form?

The form can be either filed in front of the Recording Officer and with their help or just directed to them for processing after the form’s completion by the parties.

People Also Ask about nys 5217 form

What is rp 5217 ny?

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.

Who pays transfer tax in NY buyer or seller?

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 is transfer tax calculated in NY?

The combined NYC and NYS Transfer Tax for sellers is between 1.4% and 2.075% depending on the sale price. Sellers pay a combined NYC & NYS Transfer Tax rate of 2.075% for sale prices of $3 million or more, 1.825% for sale prices above $500k and below $3 million, and 1.4% for sale prices of $500k or less.

How much does it cost to transfer a deed in NY?

A real property transfer form—RP-5217, RP-5217-NYC, or RP-5217-PDF (pilot project)—is required for all real property transfers where a deed is filed. A filing fee is also required.Filing Fee. ConditionFeeNo special condition$2502 more rows • Jun 29, 2020

How do I transfer a deed to New York State?

To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.

How do I avoid transfer tax in NY?

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.

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What is NY DTF RP-5217-PDF-INS?

NY DTF RP-5217-PDF-INS is a form used in New York State to report certain information regarding the sale or transfer of real property. It is used by county clerks and assessors to track property transactions.

Who is required to file NY DTF RP-5217-PDF-INS?

The form must be filed by the seller or transferor of real property in New York State, as well as the buyer or transferee, as part of the property transfer process.

How to fill out NY DTF RP-5217-PDF-INS?

To fill out the form, provide the necessary details about the property, including its location, the names of the parties involved in the transaction, the sale price, and any applicable exemptions or deductions.

What is the purpose of NY DTF RP-5217-PDF-INS?

The purpose of the form is to ensure compliance with New York State tax laws, to report property transfers for tax assessment purposes, and to maintain an accurate record of real property transactions.

What information must be reported on NY DTF RP-5217-PDF-INS?

The information required includes the names and addresses of the parties involved, the date of the transfer, the property description, the sale price, and any applicable tax information or exemptions.