NY RP-5217NYC-INS 2009-2024 free printable template

RP-5217NYC is a form used in New York City for the reporting and calculation of real property transfer tax. The form is required to be completed and filed by the buyer or grantee of real property when a transfer of ownership occurs. It gathers important information about the property being transferred, the parties involved, and the purchase price or consideration for the transfer. The form is used to determine the amount of transfer tax owed to the city.

The RP-5217 NYC form is required to be filed by both the buyer and seller of real property located in New York City. It is a Real Property Transfer Report form that provides important information about the sale and transfer of real property within the city.

To properly fill out the RP 5217NYC form, follow these steps: 1. Information about the property: - In the "PROPERTY LOCATION" section, enter the address, city, state, and zip code of the property. - In the "TAX MAP DESIGNATION (Section, Block, and Lot)" section, enter the appropriate tax map designation details. - If the property is located within a designated Landmark District, check the box indicating such. 2. Type of Conveyance: - Indicate the type of transaction in the "CONVEYANCE TYPE" section, whether it's a sale, gift, lease, or transfer of development rights. - Provide the date of the transfer in the "DATE OF TRANSFER" section. 3. Parties involved: - In the "SELLER(S)" section, provide the name(s), address(es), and taxpayer identification number(s) of the seller(s). - In the "BUYER(S)" section, provide the name(s), address(es), and taxpayer identification number(s) of the buyer(s). - In case of more than one seller/buyer, continue providing their details in additional spaces provided. 4. Sale consideration: - In the "PURCHASE PRICE/CONSIDERATION" section, enter the total sale consideration amount in dollars. - Check the box indicating if additional consideration exceeds $1 million. 5. Property Class: - In the "PROPERTY CLASS CODE" section, enter the property class code as determined by the local assessor's office. - Provide the property class's percentage of value ratio, if applicable. 6. Financing: - If there is mortgage financing involved, enter the amount of the mortgage loan(s) in dollars. - Indicate if there is more than one mortgage lender involved. 7. Exemptions/Waivers: - If there are any exemptions or waivers applicable, provide the relevant details, such as the code section, exemption amount, and certificate number. 8. Signatures and Acknowledgment: - The seller(s) and buyer(s) must sign and date the form. - If applicable, notarize the document. 9. Filing Requirements: - Make sure you have signed and dated copies (original and duplicate) of the form. - Submit the original and duplicate copies along with payment to the appropriate county clerk's office. Note: It is essential to consult with legal or real estate professionals if you have complex transactions or need further guidance on accurately completing the RP 5217NYC form.

RP-5217NYC is a form used in New York State for reporting real property transfer tax. The purpose of RP-5217NYC is to provide information about the transfer of real property, including details about the buyer, seller, property, and any exemptions or conveyances involved. This form is required to be filed in order to calculate and pay the appropriate real property transfer tax to the local government. It helps ensure that proper tax assessments are made, regulatory requirements are met, and accurate records are maintained related to property transfers.

RP-5217 is a real property transfer report form used in New York City. It is filled out by both buyers and sellers when a property is sold, transferred, or mortgaged. The form requires the following information to be reported: 1. Buyer and Seller Information: Names, addresses, and identification numbers (e.g., social security number, employer identification number) of the buyer(s) and seller(s). 2. Description of the Property: Property location, block and lot numbers, tax map identification, property type (e.g., residential, commercial), and lot size. 3. Sales and Financing Information: Sale price or consideration value, date of the transaction, financing details (if applicable), such as mortgage amount, lender name, and mortgage recording tax details. 4. Other Interests: Any existing liens, encumbrances, or mortgages on the property, including their amounts and recording information. 5. Property Classifications: Indication of whether the property is classified as a cooperative, condominium, residential, commercial, mixed-use, or vacant land. 6. Deed Information: Details of the instrument used for the transfer, including its type (e.g., warranty deed, quitclaim deed) and recording information. 7. Exemption Claims: If any applicable exemptions are being claimed, such as the New York State and/or City transfer tax exemptions, they must be specified along with the required documentation. 8. Parties' Representation: Identification of any attorney, agent, or representative involved in the transaction. It is important to note that the specific requirements and additional forms may vary depending on the locality within New York City (Manhattan, Brooklyn, Queens, The Bronx, or Staten Island). Additionally, it is recommended to consult the official RP-5217 form instructions or seek legal advice to ensure compliance with the current reporting guidelines.

The penalty for the late filing of the RP-5217NYC form, which is used to report property transfer in New York City, varies depending on different factors. Generally, the penalty amount is calculated at $100 per day for each day the filing is late, up to a maximum of $5,000. However, it is essential to consult the official sources or reach out to the appropriate government agency for the most accurate and up-to-date information regarding penalties and consequences for late filing.

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