State: New York

NYC-RPT New York City Real Property Transfer Tax Forms And Instructions (Long Form)

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NYC-RPT New York City Real Property Transfer Tax Forms And Instructions (Long Form)

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NYC-RPT

Revised 05/04

Forms and Instructions

What's Inside?

Smoke Detector Affidavit
for one-and two-family
dwellings. Page

Form NYC-RPT (Real Property Transfer Tax Return). Page

Instructions. Page

Real Estate Tax Owner's Registration Card. Page

Water and Sewer Customer
Registration Form and
Instructions. Page

Who is required to file
a Real Property Transfer
Tax Return?
See Page

What is the rate of the tax?
See Page

Where & when do I have
to file?
See Pages and

Who is exempt from
the tax?
See Page

New York City
Department of Finance
Real Property Transfer Tax Unit
59 Maiden Lane, 18th Floor
New York, NY 10038
nyc.gov/finance

Affidavit of Compliance with Smoke Detector Requirement for One and-Two Family Dwellings

AFFIDAVIT OF COMPLIANCE
WITH SMOKE DETECTOR REQUIREMENT
FOR ONE- AND TWO-FAMILY DWELLINGS

State of )
) SS.:
County of )

The undersigned, being duly sworn, depose and say under penalty of perjury that they are the grantor and grantee of the real property or of the cooperative shares in a cooperative corporation owning real property located at

,
Street Address

,
Unit/Apt.


,
Borough

New York


Block

,
Lot

(the "Premises");

That the Premises is a one or two family dwelling, or a cooperative apartment or condominium unit in a one- or two-family dwelling, and that installed in the Premises is an approved and operational smoke detecting device in compliance with the provisions of Article 6 of Subchapter 17 of Chapter 1 of Title 27 of the Administrative Code of the City of New York concerning smoke detecting devices;

That they make affidavit in compliance with New York City Administrative Code Section 11-2105 (g). (The signatures of at least one grantor and one grantee are required, and must be notarized).


Name of Grantor (Type or Print)


Signature of Grantor

Sworn to before me
this date of 20


Name of Grantee (Type or Print)


Signature of Grantee

Sworn to before me
this date of 20

These statements are made with the knowledge that a willfully false representation is unlawful and is punishable as a crime of perjury under Article 210 of the Penal Law.

NEW YORK CITY REAL PROPERTY TRANSFER TAX RETURNS FILED ON OR AFTER FEBRUARY 6th, 1990, WITH RESPECT TO THE CONVEYANCE OF A ONE- OR TWO-FAMILY DWELLING, OR A COOPERATIVE APARTMENT OR A CONDOMINIUM UNIT IN A ONE- OR TWO-FAMILY DWELLING, WILL NOT BE ACCEPTED FOR FILING UNLESS ACCOMPANIED BY THIS AFFIDAVIT.

N Y C
RPT
NEW YORK CITY DEPARTMENT OF FINANCE
REAL PROPERTY TRANSFER TAX RETURN
(Pursuant to Title 11, Chapter 21, NYC Administrative Code)
R TYPE OR PRINT LEGIBLY
If the transfer involves more than one grantor or grantee or a partnership, the names, addresses and Social Security Numbers or Employer Identification Numbers of all grantors or gratees and general partners must be provided on Schedule 3, page 3.
GRANTOR ∇
Name
Grantor is a(n):
(check one)		 individual
corporation		 partnership (must complete Schedule 3)
other 		Telephone Number
Permanent mailing address after transfer (number and street)
City and State Zip Code
EMPLOYER IDENTIFICATION NUMBER
 OR SOCIAL SECURITY NUMBER
GRANTEE ∇
Name
Grantor is a(n):
(check one)		 individual
corporation		 partnership (must complete Schedule 3)
other 		Telephone Number
Permanent mailing address after transfer (number and street)
City and State Zip Code
EMPLOYER IDENTIFICATION NUMBER
 OR SOCIAL SECURITY NUMBER
DO NOT WRITE IN THIS SPACE
FOR OFFICE USE ONLY

RETURN NUMBER

DEED SERIAL NUMBER

NYS REAL ESTATE TRANSFER TAX PAID

PROPERTY LOCATION ∇
Address (number and street) Apt.
No.		 Borough Block Lot # of
Floors		 Square
Feet
Assessed Value
of Property
                 
                 
                 
DATE OF TRANSFER TO GRANTEE: PERCENTAGE OF INTEREST TRANSFERRED:
CONDITION OF TRANSFER ∇ See Instructions
Check (✓) all of the conditions that apply and fill out the appropriate schedules on pages 5-11 of this return. Additionally, Schedules 1 and 2 must be completed for all transfers.
a.
Arms length transfer m.
Transfer to a governmental body
b.
Transfer in exercise of option to purchase n.
Correction deed
c.
Transfer from cooperative sponsor to cooperative corporation n.
Transfer by or to a tax exempt organization (complete Scheule G, page 8).
d.
Transfer by referee or receiver (complete Schedule A, page 5) o.
Transfer of property partly within and partly without NYC
e.
Transfer pursuant to marital settlement agreement or divorce decree p.
Transfer of property partly within and partly without NYC
f.
Deed in lieu of foreclosure (complete Schedule C, page 6) q.
Transfer of successful bid pursuant to foreclosure
g.
Transfer pursuant to lilquidation of an entity (complete Schedule D,
page 6)		 r.
Transfer by borrower solely as security for a debt or a transfer by lender solely to return such security
h.
Transfer from principal to agent, dummy, strawman or conduit or
vice-versa (complete Schedule E, page 7)		 s.
Transfer wholly or partly exempt as mere change of identity or form of ownership. (Complete Schedule M, page 9)
i.
Transfer pursuant to trust agreement or will (attach a copy of
trust agreement or will)		 t.
Transfer to a REIT or to a corporation or partnership controlled by a REIT. (Complete Schedule R, pages 10 and 11)
j.
Gift transfer not subject to indebtedness u.
Other transfer in connection with financing (describe):
k.
Gift transfer subject to indebtedness v.
Other (describe):
l.
Transfer to a business entity in exchange for an interest in the
business entity (complete Schedule F, page 7)
2
Form NYC-RPT

Page 2

TYPE OF PROPERTY (✓)
a.
1-3 family house
b.
Individual residential condominium unit
c.
Individual cooperative apartment
d.
Commercial condominium unit
e.
Commercial cooperative
f.
Apartment building
g.
Office building
h.
Industrial building
i.
Utility
j.
OTHER. (describe):
   
TYPE OF INTEREST (✓)

Check box at LEFT if you intend to record a document related to this transfer. Check box at RIGHT if you do not intend to record a document related to this transfer.
REC. NON REC.
a.
Fee
b.
Leasehold Grant
c.
Leasehold Assignment or Surrender
d.
Easement
e.
Development Rights
f.
Stock
g.
Partnership Interest
h.
OTHER. (describe):
   
SCHEDULE 1 - DETAIL OF CONSIDERATION ∇
1.
Cash
 1.    
2.
Purchase money mortgage
 2.    
3.
Unpaid principal of pre-existing mortgage(s)
 3.    
4.
Accrued interest on pre-existing morgage(s)
 4.    
5.
Accrued real estate taxes
 5.    
6.
Amounts of other liens on property
 6.    
7.
Value of shares of stock or of partnership intrest received
 7.    
8.
Value of real or personal property received in exchange
 8.    
9.
Amount of Real Property Transfer Tax and/or other taxes or expenses of the grantor which are paid by the grantee
 9.    
10.
Other (describe):
10.    
11.
TOTAL CONSIDERATION (add lines 1 through 10 - must equal amount entered on line 1 of schedule 2) (see instructions)
 11.    
See instructions for special rules relating to transfers of cooperative units, liquidations, marital
settlements and transfer of property to a business entity in return for an interest in the entity.
SCHEDULE 2 - COMPUTATION OF TAX ∇
A. Payment Pay amount show on line 14 - See Instructions
Payment enclosed$0.00
1.
Total Consideration (from line 11, above)
 1. $0 .00
2.
Excludable liens (see instructions)
 2.    
3.
Consideration (Line 1 less line 2)
 3. $0 .00
4.
Tax Rate (see instructions)
 4.   %
5.
Percentage change in beneficial ownership (see instructions)
 5. 100 %
6.
Taxable consideration (multiply line 3 by line 5)
 6. $0 .00
7.
Tax (multiply line 6 by line 4)
 7. $0 .00
8.
Credit (see instructions)
 6.    
9.
Tax due (line 7 less line 8) (if the result is negative, enter zero)
 9. $0 .00
10.
Interest (see instructions)
 10.    
11.
Penalty (see instructions)
 11.    
12.
Total tax due (add lines 9, 10 and 11)
 12. $0 .00
13.
Filing Fee
 10.    
14.
Total Remittance Due (line 12 plus line 13)
 14. $0 .00
2
Form NYC-RPT

Page 3

SCHEDULE 3 - TRANSFERS INVOLVING MULTIPLE GRANTORS AND/OR GRANTEES OR A PARTNERSHIP ∇
NOTE   If additional space is needed, attach copies of this schedule or an addendum listing all of the information required below.

GRANTOR(S)/PARTNER(S)
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER



GRANTEE(S)/PARTNER(S)
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
NAME
PERMANENT MAILING ADDRESS AFTER TRANSFER  
CITY AND STATE ZIP CODE
SOCIAL SECURITY NUMBER

OR
EMPLOYER IDENTIFICATION NUMBER
2
Form NYC-RPT

Page 4

GRANTOR'S ATTORNEY ∇
Name of Attorney Telphone Number
(    )
Address (number and street) City and State Zip Code  
EMPLOYER
IDENTIFICATION
NUMBER		 OR SOCIAL
SECURITY
NUMBER		  
GRANTEE'S ATTORNEY ∇
Name of Attorney Telphone Number
(    )
Address (number and street) City and State Zip Code  
EMPLOYER
IDENTIFICATION
NUMBER		 OR SOCIAL
SECURITY
NUMBER		  
CERTIFICATION ∇

I swear or affirm that this return, including any accompanying schedules, affidavits and attachments, has been examined by me and is, to the best of my knowledge, a true and complete return made in good faith, pursuant to Title 11, Chapter 12 of the Administrative Code and the regulations issued thereunder.

GRANTOR GRANTEE

Sworn to and subscribed to
before me on this day
of ,.


Signature of Notary


EMPLOYER IDENTIFICATION NUMBER OR
SOCIAL SECURITY NUMBER


Name of Grantor


Signature of Grantor

Sworn to and subscribed to
before me on this day
of ,.


Signature of Notary


EMPLOYER IDENTIFICATION NUMBER OR
SOCIAL SECURITY NUMBER


Name of Grantee


Signature of Grantee

Notary's stamp or seal Notary's stamp or seal
 

GRANTEE:

To ensure that your property and water/sewer tax bills are sent to the proper address you must complete the Registration forms included in this packet. Owner's Registration Cards can also be obtained by calling the Department of Finance at (718) 935-9500.
2
Form NYC-RPT

Page 5

SCHEDULE A - TRANSFER BY REFEREE OR RECEIVER ∇
N
O
T
E
The consideration for a transfer by a referee or receiver under foreclosure or execution is the amount bid for the property or economic interest therein and the costs paid by the purchaser, plus the amount of any pre-existing mortgages, liens or other encumbrances remaining on the property after the transfer, whether or not the underlying indebtedness is assumed.
1.
Was this transfer the result of a court ordered sale pursuant to foreclosure or execution? (✓)
 YES NO
  If "YES," complete lines 2a through 2f below. If "NO," complete line 3 below.
2a. Status of grantee: (✓)
  Nominee of plaintiff Plaintiff in foreclosure action Assignee of plaintiff Transferee of successful bidder
  Other (describe):
2b. Priority of mortgage foreclosed upon: ➡ first second third or other
2c.
Amount of foreclosure judgment
 2c.    
2d.
Price bid by grantee (enter here and on Schedule 1. See instructions)
 2d.    
2e.
Costs paid by grantee (enter here and on line 10, Schedule 1)
 2e.    
2f.
Amount of remaining mortgages, liens or other encumbrances (enter here and on Schedule 1. See instructions)
 2f.    
3. If the answer to line 1 above is "NO", state the reason for this transfer:
SCHEDULE B - TRANSFER OF SHARES OF STOCK IN A COOPERATIVE HOUSING CORPORATION ∇
A. Name and address of
cooperative housing corporation:
  Zip Code:
B. 1)
Is this an initial transfer of shares from either a cooperative housing corporation or a sponsor? (✓)
 Yes No
  2)
If "YES," enter the date the NYC Real Property Transfer Tax was paid on the transfer of land and/or building to the cooperative housing corporation
 Month Day Year
 
   
If this initial transfer is more than 2 years from the above date, enter the date the first of these initial transfers was made
 Month Day Year
C.
Is this a transfer of an individual unit in a housing company organized and operating pursuant to the provisions of articles two, four, five, or eleven of the Private Housing Finance Law? (✓)
 Yes No
  If "YES," you are not subject to the Real Property Transfer Tax. However, you must file a return.
N O T E
If you answered "YES," to question B above, you may be entitled to a credit. Complete lines 1 through 4 below.
If you answered "NO," to question B above, you are not entitled to a credit.

CREDIT CALCULATION

1.
Enter the amount of NYC Real Property Transfer Tax paid on conveyance of underlying real
property to cooperative housing corporation
 1.    
2.
Enter the number of shares transferred in this transaction
 2.  
3.
Enter the total number of outstanding shares of the cooperative housing corporation including
any shares held by the corporation
 3.  
4.
Amount of credit (divide line 2 by line 3 and multiply the result by line 1. Enter here and
on line 8, Schedule 2)
 4.    
2
Form NYC-RPT

Page 5

SCHEDULE C - TRANSFER IN LIEU OF FORECLOSURE ∇
N
O
T
E
A conveyance by a defaulting mortgagor to the mortgagee (or to a nominee or assignee of the mortgagee) in consideration of the cancellation of the mortgage debt is taxable. The consideration is the amount of the outstanding mortgage debt and unpaid accrued interest, plus the amount of any other mortgages, liens or encumbrances remaining on the property or economic interest or the underlying real property after the transfer, whether or not the underlying indebtedness is assumed and irrespective of whether the cancellation of the mortgage was recorded.
1. Status of grantee: (✓)
Mortgagee Nominee of mortgagee Assignee of mortgagee
Other (describe):
2. Priority of mortgage in default: first second third or other
3.
Amount of debt owed by grantor to mortgagee at time of transfer:
a. Outstanding principal (enter here and on line 3 of Schedule 1)
 3a.    
b. Accrued interest (enter here and on line 4 of Schedule 1)
 3b.    
4.
Amount of mortgages, liens or other encumbrances remaining on the real property or economic
interest therein after the transfer (enter here and on Schedule 1. See instructions)
 4a.    
SCHEDULE D - TRANSFER PURSUANT TO PARTIAL OR COMPLETE LIQUIDATION OF CORPORATION, PARTNERSHIP OR OTHER ENTITY ∇
N
O
T
E
A distribution of real property or an economic interest therein within 12 months of liquidation of the distributing entity is presumed to be a distribution in liquidation. Attach a balance sheet reflecting the grantor's assets and liabilities at the time of the liquidation.
  COMPUTATION OF TAX BASE
1.
Fair market value of real property or economic interest therein at the time of liquidation
 1.    
2.
Amount of mortgages or other liens or encumbrances on real property or economic interest therein
 2.    
3.
Tax base: Compare line 1 and line 2, enter the greater of the two here and on line11, Schedule 1
 2.    

IF, PURSUANT TO THE INSTRUCTIONS, YOU ARE FILING MORE THAN ONE SCHEDULE D, IDENTIFY THE PROPERTY THAT THIS SCHEDULE D REFERS TO.

  BOROUGH BLOCK LOT ADDRESS FAIR MARKET VALUE  
             
2
Form NYC-RPT

Page 7

SCHEDULE E - TRANSFER BY OR TO AN AGENT, DUMMY, STRAWMAN OR CONDUIT ▼
N
O
T
E
A transfer from an agent, dummy, strawman or conduit to a principal or from a principal to an agent, dummy, strawman or conduit is exempt from the Real Property Transfer Tax. Complete questions 1 through 8 below to establish the claim of exemption.
1. Name and address of party from whom the property or
economic interest was acquired by grantor:
2. Date of acquisition:
 
 
 
3.
Is this conveyance either a transfer from an agent to a principal or from a principal to an agent? (✓)
If "YES," attach a copy of agency agreement or affidavit of explanation.		 Yes No
4.
Amount of Real Property Transfer Tax paid upon acquisition by grantor
 
 
5.
Is this transfer part of a transfer to and from a corporation for the sole purpose of acquiring mortgage financing? (✓)
 Yes No
6.
Is this transfer to a dummy, strawman, or conduit from a principal or vice versa? (✓)
 Yes No
7.
If this is a transfer to an agent, dummy, strawman, or conduit, is the grantee actively engaged in a business? (✓)
 Yes No
8. If the answers to questions 3, 5, 6 and 7 above are all "NO," describe the relationship of the grantor and the grantee and the purpose of the transfer:
SCHEDULE F - TRANSFER TO BUSINESS ENTITY IN RETURN FOR AN INTEREST IN THE BUSINESS ENTITY ▼

SEE SCHEDULE M AND INSTRUCTIONS.

N
O
T
E
A transfer of property or an economic interest therein to a corporation in exchange for shares of its capital stock may be taxable, even where there is no simultaneous exchange of shares of stock for the real property or economic interest therein, if the transfer is part of a plan to form a corporation for the purpose of holding the property or economic interest therein. A transfer to a partnership as a contribution of partnership assets may be similarly taxable.
1. Relationship of grantee to grantor(s) immediately after the transfer: (✓)
  Corporation wholly owned by grantor(s) Partnership consisting wholly of grantor(s)
  Corporation owned by grantor(s) and other(s) Partnership consisting of grantor(s) and other(s)
 
2. If this transfer has more than one grantor, state the percentage of interest transferred by each grantor. (If the grantor is a partnership or limited partnership, state the percentage of interest transferred by each individual partner or limited partner.)
  Name   Percentage of interest
      %
      %
      %
3.
Date of formation of grantee business
 3.      
4.
Fair market value of the real property or economic interest therein at time of transfer
 4.    
5.
Basis used for depreciation of the real property on federal tax return by the grantor before this transfer
 5.    
6.
Basis to be used for depreciation of the real property on federal tax return by the grantee after this transfer
6.    
7.
Amount of mortgages, liens or encumbrances on the real property transferred
7.    
8.
Other consideration received from the business entity (attach schedule)
8.    
9.
Value of shares of stock or partnership interest received in exchange for the real property or
interest therein (line 4 less the sum of lines 7 and 8) (enter here and on line 7, Schedule 1)
9.    
2
Form NYC-RPT

Page 8

SCHEDULE F - TRANSFER TO BUSINESS ENTITY IN RETURN FOR AN INTEREST IN THE BUSINESS ENTITY ▼

NONPROFIT ORGANIZATIONS PLEASE REFER TO THE INSTRUCTIONS "EXEMPTIONS FROM THE TRANSFER TAX"

N
O
T
E
A transfer of property or an economic interest therein to a corporation in exchange for shares of its capital stock may be taxable, even where there is no simultaneous exchange of shares of stock for the real property or economic interest therein, if the transfer is part of a plan to form a corporation for the purpose of holding the property or economic interest therein. A transfer to a partnership as a contribution of partnership assets may be similarly taxable.
1.
Is the grantor or grantee an organization exempt from taxation pursuant to IRS Code Section 501(c)(3)? (✓)
If "YES", attach a copy of of the letter from the U. S. Treasury Department granting the exemption.		 Yes No
2.
Has the grantor or grantee received an exemption from sales tax from the NYS Department of Taxation and Finance? (✓)
If "YES", attach a copy of the letter from the NYS Department of Taxation and Finance granting the exemption.		 Yes No
SCHEDULE H - TRANSFER OF CONTROLLING ECONOMIC INTEREST ▼
A. Name, address and Employer Identification Number (EIN) of entity with respect to which a controlling economic interest has been transferred:
  Name:
  Address: Zip Code:
  EIN
N
O
T
E
If the real property that is the subject of this transfer is owned by an entity other than the entity listed above, check (✓) the box and attach a schedule listing the name, address and Employer Identification Number of the entity. ☐
B.
Total percentage of economic interest transferred in this transaction
 B. %
C.
Total percentage of economic interest transferred by this grantor(s) or others in related transfers or pursuant to plan
(including this transaction)
 C. %
D.
Total percentage of economic interest transferred by this grantor(s) or others within the preceding three years
(including this transaction)
 D. %
E.
Total percentage of economic interest acquired by this grantee(s) or others in related transfers or pursuant to plan
(including this transaction)
 E. %
F.
Total percentage of economic interest acquired by this grantee(s) or others within the preceding three years
(including this transaction)
 F. %
NOTE
If any of the above percentages is 50% or more, complete lines 1 and 2 below
and Schedules 1 and 2. Attach a rider explaining apportionment of consideration.

COMPUTATION OF CONSIDERATION

1.
Total consideration for this transfer
1.    
2.
Amount apportioned to item of NYC real property or interest therein (see instructions)
 2.    
2
Form NYC-RPT

Page 9

SCHEDULE M - MERE CHANGE OF FORM TRANSFERS ▼

For transfers occurring on or after June 9, 1994, a transfer that represents a mere change in identity or form of ownership or organization is not taxable to the extent the beneficial ownership of the real property or economic interest therein remains the same. (See instructions) ATTACH COPIES OF ALL RELEVANT DOCUMENTS.

  • For each person or entity who, prior to the transaction being reported on this Schedule M, owned a beneficial interest in the property or economic interest therein transferred, report above the percentage of beneficial interest in that real property or economic interest therein owned by that owner before and after the transfer, and describe the relationship of each beneficial owner to the grantor and grantee. Attach additional pages, if necessary.
  • If, for any owner, the amount reported in column D is less than the amount reported in column E, enter zero in column F.
A B C D E F
 
(attach rider if necessary)
 PERCENTAGE INTEREST CHANGE
1. NAME OF BENEFICIAL OWNER RELATIONSHIP
TO GRANTOR		 RELATIONSHIP
TO GRANTEE		 BEFORE AFTER D minus E
      % %  
           
           
           
           
           
           
           
           
           
           
2. TOTAL CHANGE (total of column F) Enter here and on Schedule 2, line 5.
 
  
2
Form NYC-RPT

Page 10

SCHEDULE R - REAL ESTATE INVESTMENT TRUST TRANSFERS ▼

Real Estate Investment Trust Transfers ("REIT Transfers") are taxed at one-half of the otherwise applicable rate. (NYC Administrative Code Section 11-2102(e)) Attach a copy of the prospectus to Form NYC-RPT and write "REIT Transfer" on the top of the first page of Form NYC-RPT. If you are filing Form NYC-RPT reporting a REIT Transfer that qualifies as a mere change in identity or form of ownership or organization, you must also complete Schedule M.

General Information

REIT TRANSFER

A REIT Transfer is any deed or other instrument or transaction conveying or transferring real property or an economic interest in real property to a Real Estate Investment Trust as defined in Section 856 of the Internal Revenue Code (a 'REIT"), or to a partnership or corporation in which a REIT owns a controlling interest immediately following the transaction and any issuance or transfer of an interest in a REIT or in such a partnership or corporation in connection with such a transaction, provided either:

  1. the transaction occurs on or after June 9, 1994 in connection with the initial formation of the REIT and conditions 1(a), 2 and 3 below are met, or
  2. the transaction occurs on or after July 13, 1996 and before September 1, 2002 (or after August 30, 2002 if the transfer is made pursuant to a binding written contract entered into before September 1, 2002, with a REIT or a partnership or corporation in which the REIT owns a controlling interest, and the date of execution of that contract is confirmed by independent evidence satisfactory to the Department), and conditions 1 (b) and 2 below are met.

For a definition of "controlling interest", see General Information for Form NYC-RPT, "Imposition of Tax."

CONDITIONS

1

a.

The value of the ownership interests in the REIT or in the partnership or corporation controlled by the REIT received by the grantor as consideration for the transaction must be equal to 40 percent or more of the excess of the value of the total consideration received over the amount of mortgages and other liens and encumbrances on the property or on the grantor's economic interest in the property, other than mortgages and other liens and encumbrances created in contemplation of the formation of the REIT.

 

b.

This condition is the same as Condition 1(a), except that the value of the ownership interests received as consideration must be equal to at least 50 percent rather than 40 percent of the excess of the total consideration received over mortgages and other liens and encumbrances on the property or economic interest transferred excluding mortgages and other liens or encumbrances created in contemplation of the transaction reported on this Schedule R.

 

Use the worksheet on the following page of this Schedule to make this determination.

2.

The interests in the REIT or in the partnership or corporation controlled by the REIT may not be transferred by the grantor or owners of the grantor within two years following the date of the transaction other than transfers within the two-year period resulting from the death of an individual grantor or owner of a grantor.

3.

At least 75 percent of the cash proceeds of the initial public offering of REIT shares must be used for the following:

 

a.

payments on loans secured by an interest in the real property or an economic interest therein owned directly or indirectly by the REIT, or payments into reserves therefor;

 

b.

capital improvements to real property owned directly or indirectly by the REIT, or payments into reserves therefor;

 

a.

brokerage fees and commissions, professional fees and payments to or on behalf of a tenant as an inducement to enter into a lease or sublease of real property owned directly or indirectly by the REIT, or payments into reserves therefor; or

 

a.

payments to acquire real property or an economic interest therein other than an acquisition that would qualify as a REIT Transfer without regard to this condition 3.

If condition 2 or 3, where applicable, ceases to be met after this Schedule R is filed, an amended Form NYC-RPT must be filed and any additional tax due must be paid.

2
Form NYC-RPT

Page 11

1.  
Add lines 1, 2, 7, 8, 9 and 10 from Form NYC-RPT, Schedule 1 and enter total here
1 $  
2 a.
Enter total number of REIT shares received
a.          
  b.
Enter maximum number of REIT shares into which ownership interests may be converted
b.          
  c.
Add lines a and b
c.          
  d.
Enter offering price per share of REIT shares on the date of the transaction reported
d.          
  e.
Multiply line 2c by line 2d
e.          
  f.
Enter value of ownership interests received not convertible into REIT shares
f.          
  g.
Add lines e and f
2g. $  
3.  
Multiply line 1 by .40 for condition 1(a) or .50 for condition 1(b)
3 $  
  • If line 3 is greater than line 2g, the transaction does not qualify as a REIT transfer. DO NOT FILE THIS SCHEDULE. You must file Form NYC-RPT and compute your tax due on Schedule 2.
  • If line 3 is less than or equal to line 2g, the transaction will qualify as a REIT Transfer, provided the other conditions are met. You should complete Form NYC-RPT substituting on line 4 of Schedule 2:

- .5% instead of 1%;
- .7125% instead of 1.425%;
- 1.3125% instead of 2.625%

SEE INSTRUCTIONS TO DETERMINE WHICH TAX RATE APPLIES

Instructions for Completing Worksheet

LINE1

Where the value of the underlying property transferred or interest therein is used in determining the consideration for a REIT Transfer, you may, but are not required to, report as the value of the real property or interest therein (Form NYC-RPT, Schedule 1, line 7), the estimated market value as determined by the Department of Finance as reflected on the most recent Notice of Assessment issued by the Department. (See Statements of Audit Procedure 93-2-GCT/RPTT, 3/1/93 and 95-1-GCT/RPTT, 7/28/95) Add to the amount reported on line 1 the amount of any mortgages and other liens and encumbrances created in contemplation of the formation of the REIT in the case of condition 1(a) or in contemplation of the transaction reported on this Schedule R in the case of condition 1(b).

LINE 2

If the grantor received REIT shares as consideration for the transfer, enter on line 2a the number of REIT shares received. If

the grantor received interests in a partnership or corporation controlled by the REIT that may be converted into REIT shares, enter on line 2b the maximum number of REIT shares into which such interests may be converted and attach an explanation of the terms of the conversion. If the grantor received interests that may be converted into REIT shares but you believe that the offering price for the REIT shares into which such interests may be converted is not a proper measurement of the value of the interests received, do not complete line 2b. Instead, attach an explanation of the terms of the conversion and enter on line 2f the fair market value of the interests received. If the grantor received interests in a partnership or corporation controlled by the REIT that cannot be converted into REIT shares at any time, enter on line 2f the fair market value of the interests received. If you enter an amount on line 2f, attach an explanation of the method used for determining the value of the interests received.

CERTIFICATION

I swear or affirm under penalties of perjury that the grantor has no present intention to transfer or convey the REIT shares or interests in a partnership or corporation controlled by the REIT received by the grantor as consideration in the transaction reported on this Schedule R within two years of the date of the transfer, other than a distribution of such shares or interests to the partners or shareholders of the grantor, and that, to the best of my knowledge, condition 3 above regarding the use of the cash proceeds of the REIT offering will be satisfied, if applicable. I further swear or affirm that I will file an amended Form NYC-RPT and pay any additional tax due if any such transfer or conveyance occurs within such two-year period or if condition 3 above, if applicable, ceases to be met.

GRANTOR GRANTEE

Sworn to and subscribed to
before me on this day
of ,.


Signature of Notary


Name of Grantor


Signature of Grantor

Sworn to and subscribed to
before me on this day
of ,.


Signature of Notary


Name of Grantee


Signature of Grantee
Notary's stamp or seal Notary's stamp or seal

NYC-RPT REV.05/04

12
Instructions for Form NYC-RPT

Page 1

Instructions for Form NYC-RPT

Real Property Transfer Tax Return

FINANCE
NEW • YORK
THE CITY OF NEW YORK
DEPARTMENT OF FINANCE

    IMPORTANT

  1. Always submit pages 1-4 of the return. Attach Schedules A through H, Schedule M and Schedule R as required.
  2. Where the consideration is $400,000 or more, a copy of the Contract of Sale or closing statement must be attached to the return.
  3. Please file your return at the correct office. See FILING OF RETURN on pages 16 and 17.

IMPOSITION OF TAX

The tax is imposed on conveyances of real property or interests therein, on certain grants, assignments or surrenders of leasehold interests, on transfers of controlling economic interests in real property and on all transfers of shares of stock in a cooperative housing corporation or an entity formed for the purpose of cooperative ownership of real property when the consideration as entered on Schedule 2, line 3 exceeds $25,000.

An economic interest in real property means:

  1. the ownership of shares of stock in a corporation which owns or leases real property;
  2. the ownership of an interest or interests in a partnership, association, or other unincorporated entity which owns or leases real property; and
  3. the ownership of a beneficial interest or interests in a trust which owns or leases real property.

A controlling interest in the case of a corporation means:

  • 50% or more of the total combined voting power of all classes of stock of the corporation; or
  • 50% or more of the total fair market value of all classes of stock of the corporation.

A controlling interest in the case of a partnership, association, trust or other unincorporated entity means:

  • 50% or more of the capital, profits or beneficial interest in the partnership, association, trust or other unincorporated entity.

PROPERTY LOCATION

Enter the location of the property that is transferred or the location of the property in which an economic interest is transferred. If the transfer involves more than one property, list the properties separately. Attach additional sheets if necessary.

CONDITION OF TRANSFER

e.

Attach a copy of marital settlement agreement or divorce decree.

g.

Check here if the transfer was pursuant to a partial or complete liquidation of a corporation, partnership or other entity. See instructions for Schedule D.

k.

A gift of real property (or an interest therein) that is subject to indebtedness may be subject to tax because the indebtedness is deemed to be consideration for the transfer. However, see instructions for Schedule 2, line 2, transfers of interests in residential property on or after August 28, 1997.

o.

Nonprofit organizations should see instructions, page 17 for information on exemption from Real Estate Tax and related charges.

TYPE OF PROPERTY

Check the type of property that is transferred or in which an interest is transferred.

TYPE OF INTEREST

For any transfer where you intend to record a deed or other document you should check the relevant box at the left and file your return pursuant to the instructions on pages 16 and 17 of this booklet.

If you are not recording a deed or other document in connection with this transaction, check the box at the right and file your return with the New York City Department of Finance, Non-Recorded

RPTT Return Processing, 59 Maiden Lane, 18th Floor, New York, NY 10038, pursuant to the instructions on pages 16 and 17 of this booklet.

If this is a transfer of stock in a cooperative housing corporation, complete Schedule B. If this is a transfer of stock or of partnership interests or other controlling economic interest in real property, complete Schedule H.

SCHEDULE 1
DETAILS OF CONSIDERATION

Cooperatives. In the case of a transfer of an individual residential cooperative unit (other than the original transfer of the unit by the cooperative corporation or cooperative plan sponsor) the consideration does not include any portion of the mortgage on the underlying real property. In the case of an original transfer of any cooperative unit, or of a subsequent transfer of a cooperative unit other than an individual residential unit, a proportionate share of any preexisting mortgage(s) on the underlying real property must be included in the consideration. An individual unit that is used for residential purposes by the occupant shall be presumed to be residential unless such residential use is de minimis.

Liquidations. In the case of a liquidation of a corporation, partnership, or other entity, if the fair market value of the property or interest therein distributed exceeds the consideration received, such fair market value is the measure of the tax. Enter the amount from Schedule D, line 3 on Schedule 1, line 11.

Marital Transfers. The total consideration for a transfer pursuant to a marital settlement or divorce decree includes the value of any marital rights exchanged for the property or economic interest therein plus any consideration paid by the grantee for the transfer. The value of such marital rights should be listed on line 10 of this schedule. The total consideration is presumed to equal the fair market value of the portion of the property or interest therein that is

13
Instructions for Form NYC-RPT

Page 2

transferred. Attach a rider explaining how you determined the total consideration.

Transfers to Business Entities. In the case of a transfer of property or interest therein to a business entity in exchange for an interest in the entity, the value of such interest in the entity is equal to the fair market value of the property or interest therein less the amount of mortgages, liens or encumbrances thereon. (See Schedules F and M)

SCHEDULE 2
COMPUTATION OF TAX

PAYMENT -

If the real property is located in Staten Island (Richmond County), make check or money order payable to: Richmond County Clerk.

For real property not located in Staten Island, make check or money order payable to: NYC Department of Finance.

LINE 1 - TOTAL CONSIDERATION

Enter the amount from line 11, Schedule 1, page 2.

LINE 2 - EXCLUDIBLE LIENS-
TRANSFERS INVOLVING
CERTAIN RESIDENTIAL PROPERTY
OR INTEREST THEREIN

With certain exceptions, the amount of mortgages, liens or encumbrances is excluded from consideration for the transfer on or after August 28, 1997 of a one-, two-, or three-family house, an individual residential cooperative apartment or individual residential condominium unit, or economic interest in such property if the mortgage, lien or encumbrance existed before the date of the transfer and remains on the property or interest after the date of the transfer. This provision does not apply to any mortgage, lien or encumbrance placed on the property or interest in connection with, or in anticipation of, the transfer, or by reason of deferred payments of the purchase price. This exclusion also does not apply to a transfer to a mortgagee, lienor or encumbrancer of the property or interest, or to a qualifying real estate investment trust transfer.

Recently adopted rules govern the application of the exclusion. Under the rules, an existing mortgage will be excluded in all transfers pursuant to gifts or divorce. In any other transfer, an examination time period beginning six months prior to, and ending three months after, the transfer is established. Mortgages placed on the property or discharged outside that time period will be excluded unless there is documentary evidence that the mortgage was placed or discharged in connection with the transfer. Mortgages placed or discharged within the examination period will be excluded unless the facts and circumstances indicate that the mortgage was placed or discharged in connection with the transfer. Mortgages that are modified will be excluded in all cases except where the modifications occur within the examination period AND result in a change in the identity of the lender PLUS a change of at least ten percent in either the interest rate or term of the mortgage loan. See Title 19 of the Rules of the City of NY §23-03(k) for more information.

Enter on line 2 of Schedule 2 the amount of any mortgage, lien or encumbrance included in the amount entered on line 3 of Schedule 1 that is eligible for the exclusion described above.

NOTE: You may not enter any amount on line 2 if you have not checked box a, b or c under "Type of Property" on page 2 of Form NYC-RPT or you HAVE checked box d, f, q or t under "Condition of Transfer".

LINE 4 - TAX RATE

Insert the appropriate tax rate based on the consideration on line 3. Note: the tax rate is determined after certain liens are excluded but before taking into account the mere change of form exemption. Tax rates depend on the kind of real property that is transferred or is held by the entity whose stock or partnership interest is the subject of this transfer.

Effective for transfers on or after August 1, 1989, the tax rates are as follows:

Certain Residential Property
and Interests

1% of the consideration where the consideration is $500,000 or less or

1.425% of the consideration where the consideration is greater than $500,000 in the following instances:

  • conveyances where the real property transferred, or the real property in which the economic interest is transferred, is a one-, two-, or threefamily house, an individual cooperative apartment, an individual residential condominium unit, or an individual dwelling unit in a dwelling which is to be occupied as the residence or home of four or more families living independently of each other; and
  • grants, assignments or surrenders of leasehold interests in a one-, two-, or three-family house, or an individual dwelling unit in a dwelling which is to be occupied or is occupied as the residence or home of four or more families living independently of each other.

An individual condominium that is used for residential purposes by the occupant shall be presumed to be residential, unless such residential use is de minimis. (For illustrations, see RCNY Section 23- 03(b)(9) and (10).)

Other Transfers

  • For all transfers involving property or interests in property other than the residential property specified above, the rate is 1.425% of the consideration where the consideration is $500,000 or less or 2.625% of the consideration where the consideration is greater than $500,000.

LINE 5

If you qualify for the"Mere Change In Form Exemption”, enter the percentage from Schedule M, line 2, Column f. If you do not qualify for the Mere Change In Form Exemption, enter 100%.

LINE 7 - TAX

Attach additional schedules 1 and 2 if varying tax rates apply.

LINE 8 - CREDIT

a.

Liquidations - If a purchaser acquires a controlling economic interest in a corporation, partnership, association, trust or other entity owning real

14
Instructions for Form NYC-RPT

Page 3

property in a transaction subject to the Real Property Transfer Tax and within 24 months of such acquisition the entity owning the real property or interest therein is liquidated and the real property or interest therein is conveyed to the purchaser of the controlling economic interest, a credit is available against the transfer tax due on the liquidation in the amount of the transfer tax paid with respect to the original acquisition of the controlling economic interest. In no event shall this credit be greater than the tax payable upon the conveyance in liquidation.

b.

Original Co-op Transfer - In the case of the original transfer of cooperative housing corporation stock by a cooperative corporation or cooperative plan sponsor in connection with the grant or transfer of a proprietary leasehold, a credit is allowed for a proportionate part of the amount of any tax paid upon the conveyance to the cooperative housing corporation of the land and building or buildings comprising the cooperative dwelling or dwellings. This credit applies only for original transfers of stock by the cooperative housing corporation or cooperative plan sponsor. It does not apply to taxable resales of cooperative housing corporation stock.

No credit is allowed for any tax paid more than 24 months prior to the date on which occurs the first in a series of transfers of shares of stock in the initial offering of cooperative housing corporation shares.

Attach a detailed schedule to support the credit claimed on this line.

LINE 10 - INTEREST

If the tax is not paid on or before the due date (determined without regard to any extension of time), interest must be paid on the amount of the underpayment from the due date to the date paid. For information as to the applicable rate of interest call (718) 935-6000.

LINE 11 - PENALTIES

a)

If you fail to file a return when due, add to the tax 5% for each month or partial month the form is late up to 25%, unless the failure is due to reasonable cause.

b)

If you fail to pay the tax shown on the return by the prescribed filing date, add to the tax (less any payments made) 1/2% for each month or partial month the payment is late up to 25%, unless the failure is due to reasonable cause.

c)

The total of the additional charges in a) and b) may not exceed 5% for any one month.

LINE 13 - FILING FEE

Pursuant to Subdivision 3 of Section 333 of the NYS Real Property Law, all RPT forms filed on or after June 1, 2003 must be accompanied by a $50.00 fee. No form will be accepted without the fee.

SCHEDULE 3

If this transaction includes more than one grantor or grantee, complete this schedule and provide the requested information for all such grantors or grantees that are not listed on page 1 of this form. For any grantee and grantor that is a partnership, provide the requested information for each general partner. If this transaction includes more than one grantee or grantor and any of them is a partnership, attach a separate schedule 3 for each grantee or grantor providing the information for each general partner.

SCHEDULE A

Line 2d

If bid price is paid in cash, enter here and on Schedule 1, line 1. If other than cash, enter here and on the appropriate line on Schedule 1.

Line 2f

Enter remaining mortgages, liens or encumbrances here and on Schedule 1, line 3, 4, 5, 6 or 10 as appropriate.

SCHEDULE C

Line 4

Enter remaining mortgages, liens or encumbrances here and on Schedule 1, line 3, 4, 5, 6 or 10 as appropriate.

SCHEDULE D

In a liquidation, the measure of the tax is the greater of fair market value or consideration. The greater of fair market value or consideration, and the applicable rate of tax are determined separately for each parcel of real property or economic interest in a parcel of real property that is distributed in a liquidation. If this transaction involves the distribution in liquidation of more than one such parcel or economic interest, complete a separate Schedule D for each such property or interest. Attach additional schedules 1 and 2 as necessary. (See §23-03 (g) of the rules of the City of New York for examples of calculation of the tax base in liquidations.)

SCHEDULE F

Line 8

If you received other property in exchange for the real property or interest therein that was transferred to the business entity, enter the value of the other property here. If assets other than real property or interests therein were transferred to the business entity in connection with this transaction, the consideration received must be apportioned among the assets transferred. Attach schedule.

SCHEDULE H

If the entity named in A owns assets in addition to real property or interests therein you should make a good faith apportionment of the consideration, based on the relative fair market value of the real estate or interests therein and the other assets. See Administrative Code §11-2102 (d) and §23-02 of the rules of the City of New York, Definition of Consideration, Paragraph 3. Apportioned consideration should be entered on Schedule 1 on appropriate lines.

If the entity named in A owns more than one parcel of real property or economic interest therein, the consideration and the applicable rate of tax is determined separately for each parcel of property or economic interest. Attach separate Schedules H, 1 and 2, as necessary.

If any of the percentages in B, C, D, E or F is 50 percent or more, a return must be filed and tax paid with respect to any

15
Instructions for Form NYC-RPT

Page 4

transaction reflected in items C, D, E or F. The tax rate applicable to each item of real property or economic interest therein is based on its proportionate share of the aggregate consideration for all transactions reflected in items B, C, D,
E or F.

SCHEDULE M - MERE CHANGE
OF FORM TRANSFERS

For transfers occurring on or after June 9, 1994, a transfer that represents a mere change in identity or form of ownership or organization is not taxable to the extent the beneficial ownership of the real property or economic interest therein remains the same. (NYC Administrative Code Section 11-2106 (b) (8)). However, a transfer to a cooperative housing corporation, other than a corporation formed under Articles 2, 4, 5, or 11 of the Private Housing Finance Law, of the property that will comprise the cooperative dwelling will not qualify for this exemption.

The following are types of transfers that may qualify for the mere-change exemption in whole or in part. If you checked condition "g", "i", or "l" on Form NYC-RPT, page 1, the transfer may qualify for this exemption in whole or in part. Transfers other than those listed may also qualify for the exemption in whole or in part.

a.

A transfer of property or interest therein to a new or pre-existing corporation in which the owners of the property or interest therein prior to the transfer are shareholders;

b.

A transfer of property or interest therein by one wholly-owned subsidiary of a corporation to another wholly-owned subsidiary of the same corporation;

c.

A transfer of property or interest therein to a new or pre-existing partnership in which the owners of the property or interest therein prior to the transfer are partners; or

d.

A distribution of property or interest therein by a corporation or partnership to its shareholders or partners.

Examples:

  1. A transfer of property owned by three individuals as equal tenants-incommon to a corporation or partnership in which the same three individuals are equal shareholders or partners will be fully exempt as a mere change of form of ownership.
  2. A transfer of a cooperative apartment owned by an individual to a corporation in which the individual is a 25 percent shareholder will be exempt to the extent that the individual retains a 25% beneficial interest in the coop after the transfer.
  3. Corporation X is owned 25% by individual A and 75% by individual B. If Corporation X distributes New York City real property to A and B as equal tenants-in-common, the transfer will be exempt to the extent A retains the same 25 percent interest in the property and B retains a 50 percent interest in the property. The transfer will be taxable to the extent of the additional 25 percent interest in the property transferred to A For additional information, see Title 19 of the Rules of the City of NY §23-05(b)(8).

EXEMPTIONS FROM THE
TRANSFER TAX

A.

The following parties are exempt from the payment of the tax and from filing a return:

  1. The State of New York, its agencies, instrumentalities, public corporations (including a public corporation created pursuant to agreement of compact with another state or Canada) or political subdivisions.
  2. The United States of America and its agencies and instrumentalities, insofar as they are immune from taxation.

    The exemption of such governmental bodies does not relieve a grantee from them of liability for the tax or from filing a return.

B.

The tax imposed does not apply to any of the following deeds:

  1. A deed, instrument or transaction by or to the United Nations or any other world-wide international organization of which the United States is a member.
  2. A deed, instrument or transaction by or to any corporation, association, trust, community chest, fund or foundation, organized and operated exclusively for religious, charitable, or educational purposes, or for the prevention of cruelty to children or animals, and no part of the net earnings of which inures to the benefit of any private shareholder or individual and no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation, provided, however, that nothing in this paragraph shall include an organization operated for the primary purpose of carrying on a trade or business for profit, whether or not all of its profits are payable to one or more organizations described in this paragraph.
  3. A deed, instrument or transaction to any governmental body listed in "A" above.
  4. A deed or instrument given solely as security for a debt, or a deed or instrument given solely for the purpose of returning such security.
  5. A deed or instrument or transaction from a mere agent, dummy, strawman or conduit to a principal, or a deed from the principal to an agent, dummy, strawman or conduit.

Where a tax does not apply to any deed, neither the grantor nor the grantee is required to pay the tax. However, a return relating to the deed must be filed.

FILING OF RETURN/ PAYMENT OF TAX A notarized joint return shall be filed by both the grantor and the grantee for each deed, instrument, or transaction, whether or not a tax is due. Thus, a return must be
16
Instructions for Form NYC-RPT

Page 5

filed although the consideration for the transaction is $25,000 or less. Where the total consideration is $400,000 or more, a copy of the contract of sale or closing statement must be attached to the return. A return need not be filed for the grant of a leasehold interest in a 1-, 2-, or 3-family house or an individual dwelling unit except where tax is owed or the lease is to be recorded.

RECORDED TRANSFERS

Returns, relating to a transfer where a deed or other document is recorded, are required to be filed and any tax due paid at the office of the City Register in the county where the deed is recorded within 30 days of the delivery of the deed.

The locations of the offices of the City Register are as follows:

MANHATTAN

(New York County)
66 John Street, 13th Floor
New York, New York 10038
(212) 361-7550

BRONX

1932 Arthur Ave, 3rd Floor
Bronx, New York 10457
(212) 579-6825

BROOKLYN

(Kings County)
210 Joralemon Street, Room 2
Brooklyn, New York 11201
(718) 802-3590

QUEENS

144-06 94th Avenue
Jamaica, NY 11435
(718) 298-7200

STATEN ISLAND

(Richmond County)
Richmond County Clerk
County Court House, Room 103
Staten Island, New York 10301
(718) 390-5386

NON-RECORDED TRANSFERS

In the case of transfers where no document is recorded, including but not limited to transfers of controlling economic interests in real property or transfers of interests in entities formed for cooperative ownership of real property, returns must be filed within 30 days of

the transfer with:

NYC Department of Finance
Non-Recorded RPTT Return Processing
59 Maiden Lane, 18th Floor
New York, NY 10038

The tax may be paid by certified check, or an Attorney’s Trust Account check, drawn on a U.S. bank, or money order made payable to the order of NYC Department of Finance.

All returns filed on or after June 1, 2003 must be accompanied by a $50 filing fee whether or not a tax is due. See instructions for Schedule 2, line 13.

Returns filed on or after February 6, 1990, in connection with a conveyance of a one- or two-family dwelling or a cooperative apartment or condominium unit in a one- or two-family dwelling must be accompanied by an Affidavit of Compliance with Smoke Detector Requirement.

NYC-RPT returns are available at City Register offices, the office of the Richmond County Clerk and from the Department of Finance’s tax fax service (call 718-935-6114 from the phone connected to your fax and select document #305) or Internet website at the following address:

nyc.gov/finance

IMPORTANT REAL ESTATE TAX
INFORMATION FOR NONPROFIT
ORGANIZATIONS

If you are a nonprofit organization you should know:

1.

You must apply for an exemption from Real Estate Tax with the Property Division. Exemption forms can be obtained from:

Exemption Unit -Property Division
66 John Street, 13th Floor
New York, NY 10038

or any of the Borough Offices of the Property Division.

MANHATTAN

66 John Street, 13th Floor
New York, NY 10038
(212) 361-7660

BRONX

1932 Arthur Ave., Room 701
Bronx, NY 10457
(718) 579-6879

BROOKLYN

210 Joralemon St., Room 200
Brooklyn, NY 11201
(718) 802-3550

QUEENSS

144-06 94th Avenue
Jamaica, NY 11435
(718) 298-7000

STATEN ISLAND

350 St. Marks Place
Staten Island, NY 10301
(718) 390-5295

2.

Once you have received an exemption, you must renew it every year with the Property Division.

3.

Many groups are exempt from property taxes but still may be required to pay water and sewer charges. You must file separately for an exemption from water and sewer charges with the Bureau of Customer and Conservation Services . Applications can be obtained from any of the Bureau’s borough offices (call (718) 595-7000 for addresses). Once granted, this exemption need not be renewed annually.

EVEN IF THIS TRANSFER OF REAL PROPERTY IS FROM ANOTHER NONPROFIT ORGANIZATION, YOU MUST STILL COMPLY WITH THE ABOVE REQUIREMENTS.

For more information, call our Taxpayer Assistance Unit at 212-504-4080, Monday through Friday between the hours of 9:00 am and 5:30 pm, or visit our Internet website at:

nyc.gov/finance

PRIVACY ACT NOTIFICATION The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this information as to whether compliance with the request is voluntary or mandatory, why the request is being made and how the information will be used. The disclosure of Social Security Numbers for grantors and grantees is mandatory and is required by section 11-102.1 of the Administrative Code of the City of New York. Disclosure by attorneys is voluntary. Such numbers disclosed on any report or return are requested for tax administration purposes and will be used to facilitate the processing of tax returns and to establish and maintain a uniform system for identifying taxpayers who are or may be subject to taxes administered and collected by the Department of Finance. Such numbers may also be disclosed as part of information contained in the taxpayer’s return to another department, person, agency or entity as may be required by law, or if the taxpayer gives written authorization to the Department of Finance.

17
Real Estate Tax Owner's Registration Card

Page 1

FINANCE
NEW • YORK
THE CITY OF NEW YORK
DEPARTMENT OF FINANCE		 PROPERTY OWNER'S REGISTRATION FORM
NEW YORK CITY DEPARTMENT OF FINANCE  CENTRAL REGISTRATION  59 MAIDEN LANE, 20TH FLOOR, NEW YORK, NY 10038
FOR OFFICE USE ONLY
ONLY ONE(1) PROPERTY (BLOCK AND LOT) MAY BE REGISTERED WITH THIS CARD. MAKE PHOTOCOPIES IF YOU ARE REGISTERING MORE THAN ONE PROPERTY.
Type or print in ink. Additional instructions appear on the reverse side of this form.

PROPERTY OWNER'S INFORMATION (FOR GENERAL CORRESPONDENCE)
1. Borough the property is in:, Block:   Lot: 
  Owner's name - FILL EITHER 2A OR 2B ONLY ▼
2a. Individual Owner FIRST M.I. LAST
2b. Business Owner
3. Owner's Residence or Company's Business Address
  City State Zip Code
4. Property Address
  City State Zip Code
5. If the property has more than one owner, check this box and see instructions -
6. Owner's Tax Identifiction Number -
  SSN (If owner is an individual or trust)
 OR EIN (If owner is a corporation or partnership)
7. Indicate owner's daytime telephone number: ()

BILLING INFORMATION - REAL ESTATE TAX BILLS
IF YOUR MORTGAGE PAYMENTS INCLUDE YOUR REAL ESTATE TAXES, FILL IN THE NAME AND ADDRESS OF YOUR BANK/LENDER IN THE SPACE PROVIDED IN 9 BELOW. IF NOT, FILL IN THE NAME AND ADDRESS TO WHICH YOU ARE CHOOSING TO HAVE REAL ESTATE TAX BILLS SENT.
8. Indicate to who Real Estate Tax bills should be mailed (Check ✔ one) ▼
  Bank/Lender Owner Tenant Agent
  If "TENANT" or "AGENT" is checked provide either Social Security Number or Employer Identification Number, whichever is applicable.
  SOCIAL SECURITY NUMBER
OR EMPLOYER IDENTIFICATION NUMBER
9. NAME OF REAL ESTATE TAX RECIPIENT
  ADDRESS
  City State Zip Code
 
Have you recently paid off your mortgage?
Yes
No

BILLING INFORMATION - SPECIAL ASSESSMENT BILLS
INDICATE TO WHOM SPECIAL ASSESSMENT BILLS SHOULD BE MAILED. (SEE INSTRUCTIONS FOR LINE 10)
10. TYPE OF ASSESSMENT BILL:
  Name of Recipient
  Address
  City State Zip Code
Relationship of addressee to property (Check ✔ one) ▼
  Owner Tenant Agent
  If "TENANT" or "AGENT" is checked provide either Social Security Number or Employer Identification Number, whichever is applicable.
 
SOCIAL SECURITY NUMBER
EMPLOYER IDENTIFICATION NUMBER
  TYPE OF ASSESSMENT BILL:
  Name of Recipient
  Address
  City State Zip Code
Relationship of addressee to property (Check ✔ one) ▼
  Owner Tenant Agent
 

If "TENANT" or "AGENT" is checked provide either Social Security Number or Employer Identification Number, whichever is applicable.
 
SOCIAL SECURITY NUMBER
EMPLOYER IDENTIFICATION NUMBER
11. Signature of owner or corporate officer (required by statute. 12.    Date
  //

If you need assistance in completing this form, please call Taxpayer Assistance at 212-504-4080 Si usted necesita recibir asistencia en Español para llenar esto formulario, llame al 212-504-4080 y solicite un Representante que hable Español.

18
Real Estate Tax Owner's Registration Card - Instructions

Page 2

- INSTRUCTIONS FOR COMPLETING OWNER'S REGISTRATION CARD -

LINE 1

Enter the borough in which the property is located and the block and lot numbers of the property. Only one property (block and lot) may be registered with this card. Make photocopies if you want to register more than one property.

LINE 2A

Enter the full name of the owner if the property is owned by an individual. Please DO NOT abbreviate. If the property has more than one owner, see instructions for line 5.

LINE 2B

Enter the name of the owner if the property is owned by a business entity. If the property has more than one owner, see instructions for line 5.

LINE 3

Enter the address of the owner. (Please note that the address at which the owner lives, or at which the company is located, is not necessarily the property address itself.)

LINE 4

Enter the actual address of the property.

LINE 5

Check the box if the property has more than one owner, and attach an additional sheet with the name, address and EIN/SSN of the other owner(s). Include the property block and lot number.

LINE 6

Enter the owner's Social Security Number, or if the owner is a corporation or partnership, enter the Employer Identification Number.

LINE 7

In order that we may provide you with better service, please provide a telephone number at which you can be reached during normal business hours.

IMPORTANT

If your mortgage payments include your real estate taxes, fill in the name and address of your bank/lender in the space provided on line 9. If not, fill in the address to which you are choosing to have real estate tax bills sent.

LINE 8

Check the box next to the appropriate relationship. For example, if bills are to be sent to your bank/lender, check the box which is marked "Bank/Lender." Enter the social security number or employer identification numbers for tenants and agents, as applicable.

LINE 9

Enter the name and address to which you would like Real Estate Tax bills mailed.

LINE 10

Special Assessment bills are for items such as Sidewalk Assessment , Mall Maintenance and Boiler and Elevator Inspection Charges. In most cases the owner should register to receive these bills. Enter the name and address to which Special Assessment bills should be sent. Enter the social security number or employer identification numbers for tenants and agents, as applicable.

LINE 11

The owner or corporate officer must sign the Registration Card in order for it to be valid.

LINE 12

Indicate the date signed. The law provides that senior citizens and handicapped taxpayers may designate someone to receive duplicate tax bills. If you are interested, contact Customer Assistance at 212- 504-4080 and ask for a third party notification form.

IF YOU NEED FURTHER ASSISTANCE IN COMPLETING THIS FORM, PLEASE CALL 212-504-4080.

***

SI USTED NECESITA RECIBIR ASISTENCIA EN ESPANOL PARA LLENAR ESTO FORMULARIO, LLAME 212-504-4080.

THE NEW YORK CITY
DEPARTMENT OF FINANCE
NOW PROVIDES ON LINE
OWNER’S REGISTRATION
VIA THE WORLD WIDE WEB

You can use your personal computer and modem to access an "on line" version of the Property Owner’s Registration form that can be submitted via the World Wide Web. It’s quick, it’s simple, and here’s how:

  1. Logon to the following address:
    nyc.gov/finance/cityforms
  2. Click on the "Property Owner’s Registration form" link and follow the instructions
  3. Complete the registration form by typing all the required information in the prompted fields
  4. Click on "Send to Finance" to file your registration

PRIVACY ACT NOTIFICATION
The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this information as to whether compliance with the request is voluntary or mandatory, why the request is being made and how the information will be used. The disclosure of Social Security Numbers for owners of real property is mandatory and is required by section 11- 102.1 of the Administrative Code of the City of New York. Disclosure by tenants and agents is voluntary. Such numbers disclosed on any report or return are requested for tax administration purposes and will be used to facilitate the processing of tax returns and to establish and maintain a uniform system for identifying taxpayers who are or may be subject to taxes administered and collected by the Department of Finance. Such numbers may also be disclosed as part of information contained in the taxpayer’s return to another department, person, agency or entity as may be required by law, or if the taxpayer gives written authorization to the Department of Finance.

19
Water and Sewer Customer Registration Form

Page 1

THE CITY OF NEW YORK
DEP
DEPARTMENT OF
ENVIRONMENTAL PROTECTION		 The City of New York
Department of Environmental Protection
Bureau of Customer and Conservation Services
59-17 Junction Boulevard
Corona, NY 11368-5107
Customer Registration For for Water and Sewer Billing

Property Owner Information
(1) Property is located in the borough of:

Block:    Lot:

Meter # (if available):

(2)

Service Address:

Street

City

State, Zip ,-

(3) Mailing Address: (if different from Service Address)
(4)

Owner's Name: Business: OR

Individual:
(Last Name) (First Name) (MI)

(5)

Owner's Telephone Number:

Residence: () - Business: () -

Customer Billing Information

(Please provide the following information about the customer reponsible for paying water/sewer bills at this premise.)
(6) Account Number (if available):
(7)

Name: Business:

Individual: - -
(Last Name) (First Name) (MI)

(8)

Mailing Address:

Street

City State Zip

(9)

Relationship of Customer to this premise (Check one) Agent: Owner: Tenant:

Owner's Approval:

(The property owner must approve someone as a customer at this property. The failure by a Customer to pay the water/sewer bills will initiate “Delinquency” actions which may ultimately result in the property being taken over by the City or placed in a lien sale.)
(10)

Owner's EIN OR SSN:

(11)


(Print name and title if applicable)
(11)

  //
(Signture)(Date)

BCCS Customer Registration Form (Rev. 7/97)

20
Water and Sewer Customer Registration Form

Page 2

Instructions for filling out this Customer Registration Form

  1. Borough - Block - Lot and Meter Number: Enter the borough in which the premise is located followed by its block and lot numbers. If the water meter number is available, provide this as well.
  2. Service Address: Enter the address of the premise.
  3. Mailing Address: Enter the address of the owner if it is different from the Service Address.
  4. Owner’s Name: Enter the name of the business if the owner is a business. Enter the Last Name, First Name and Middle Initial of the owner if the owner is an individual.
  5. Owner’s Telephone Number: Enter the owner’s home and business telephone number, including the area codes.
  6. Account Number: Enter the customer’s account number.
  7. Customer Name: Enter the name of the individual or the business responsible for paying the water/sewer bills for this premise.
  8. Mailing Address: Enter the mailing address including the zip code of the individual or business responsible for paying the water/sewer bills at this premise.
  9. Relationship of Customer to this premise: Check one option to identify the relationship to the premise.
  10. Owner’s EIN or SSN: Enter the owner’s EIN (Employer Identification Number) if the owner is a corporation or a partnership. Enter the Owner’s SSN (Social Security Number) if the owner is an individual.
  11. Name and Title: Print the name and title (if applicable) of the corporate officer or owner who will sign this form.
  12. Owner or Officer Signature: The owner or corporate officer must sign the registration form in order for it to be valid. Please indicate the date the form is signed.

Important Information for New Property Owners

All new property owners must complete a Customer Registration Form. This will ensure that water and sewer bills are mailed to the customers who are responsible for making payments. Please make sure that the form is completed accurately. Our Customer Service Representatives may be contacted at (718) 595-7000 if you have any questions pertaining to the Customer Registration Form or if you need assistance in completing the form.

Please return the completed form to:

Department of Environmental Protection
Bureau of Customer and Conservation Services
Att’n: Registration and Return Mail Unit
59-17 Junction Boulevard, 7th Floor
Corona, NY 11368-5107

21

TRANSFER TAX AND RELATED DOCS NY14: NYC-RPT NEW YORK CITY REAL PROPERTY TRANSFER TAX FORMS AND INSTRUCTIONS (LONG FORM)