TOWN OF RED HOOK
TRANSFER TAX – COMMUNITY PRESERVATION FUND
Proceeds Of This Tax Are Deposited In A Dedicated Fund Earmarked For
The Acquisition Of Land, Development Rights, And Other Interests In Property
For Conservation Purposes
***See Town of Red Hook Local Law No. 1 of 2007 before completing this form***
Schedule A — Information relating to conveyance
Grantor/Transferor
Name
(if
individual;
last, first, middle initial)
Social security number
Individual
Corporation
Mailing address
Social security number
Partnership
Estate/Trust
City
State ZIP code
Federal employer ID number
Other
Grantee/Transferee
Name
(if individual: last, first, middle initial)
Social security number
Individual
Corporation
Mailing address
Social security number
Partnership
Estate/Trust
City
State ZIP code
Federal employer ID number
Other
Location and description of property conveyed
Tax map designation
Address
Village
Town
County
Section
Block
Lot
Red Hook
Dutchess
Type of property conveyed
(check applicable box)
1
One- to three-family house
5
Commercial/Industrial
Date of Conveyance:_______/______/_______
2
Residential cooperative
6
Apartment building
Month Day Year
3
Residential condominium
7
Office building
4
Vacant land
8
Other
Condition of conveyance
(check all that apply)
f.
Conveyance which consists of a mere
change of identify or form of ownership or
organization
l.
Option assignment or surrender
b.
Acquisition of a controlling interest
(state percentage acquired_________%)
m.
Leasehold assignment or
surrender
g.
Conveyance for which credit for tax
previously paid will be claimed
c.
Transfer of a controlling interest (state
percentage transferred________%)
n.
Leasehold grant
h.
Conveyance of cooperative
apartment(s)
d.
Conveyance to cooperative housing
corporation
o.
Conveyance of an easement
i.
Syndication
p.
Conveyance for which exemption
from transfer tax claimed
(complete
Schedule B, Part II)
e.
Conveyance pursuant to or in lieu of
foreclosure or enforcement of security interest
j.
Conveyance of air rights or
development rights
q.
Conveyance of property partly
within and partly outside the town
k.
Contract assignment
r.
Other
(describe)__________________
For recording officer's use
Amount received
Date received
Transaction number
14
a.
Conveyance of fee interest
Page 2
Schedule B – Red Hook transfer tax return (Tax Law, Article 31-A-1)
Part I —
Computation of tax due
1. Enter amount of consideration for the conveyance from line 1 of Schedule B, Part I,
of form TP-584………………………………………………………………………1._____________
a.
If you are claiming a total exemption from tax (see Part II below), check the
“exemption claimed” box, and proceed to Part II
Exemption Claimed
b. If you are claiming an apportionment of consideration for property partly within
the town (Local Law No. 1 of 2007, Section 57-21), check the “apportionment
claimed” box, enter the apportioned consideration, and proceed with Part I
Apportionment Claimed 1b._____________
2. Additional Red Hook Exemption: Enter
median sales price of residential real
property in Dutchess County
(Local Law No. 1 of 2007, Section 57-13) (obtain from
……………………………………………………………………………………….2.______________
3. Taxable Consideration (subtract line 2 from line 1 or 1b)…………………………..3.______________
If a
negative
amount, no tax owed, sign return and file with County Clerk.
If a
positive
amount, continue with Part I.
4. Tax: Multiply line 3, taxable consideration, x 2% (.02)…………………………….4.______________
5. Enter amount of credit, if any, as follows:
a. Amount of credit claimed for prior tax paid (Local Law No. 1 of 2007, Section 57-14):
If you are claming this credit, check the credit claimed box, enter amount, and
continue with Part I
Credit Claimed…………….. 5a.______________
b. Cooperative Housing Corporation transfer credit (Local Law No. 1 of 2007,
Section 57-15 A2):
If you are claming this credit, check the credit claimed box, enter amount, and
continue with Part I
Credit Claimed…………….. 5b.______________
6. Total Tax Due* (subtract line 5a and/or 5b from line 4)….…………………………6.______________
*Please make check(s) payable to the Dutchess County Clerk.
Part I I
— Exemption for Certain Conveyances.
The real estate transfer tax imposed by Local Law No. 1 of 2007 shall not apply to any of the following conveyances:
a.
Conveyances to the United Nations, the United States of America, the State of New York, or any of their
instrumentalities, agencies, or political subdivisions (or any public corporation, including a public
corporation created pursuant to agreement or compact with another state or Dominion of Canada)…………………………a
b.
Conveyances to secure a debt or other obligation..................................................................................................................b
c.
Conveyances which, without additional consideration, confirm, correct, modify, or supplement a prior conveyance.............c
d. Conveyances of real property without consideration and otherwise than in connection with a sale, including
conveyances conveying realty as bona fide gifts....................................................................................................................d
Page 3
Schedule B, continued-Red Hook transfer tax return (Tax Law, Article 31-A-1)
e.
Conveyances given in connection with a tax sale…………………………………………………………………………………....e
f.
Conveyances to effectuate a mere change of identity or form of ownership or organization where there
is no change in beneficial ownership other than conveyances to a cooperative housing corporation
of real property comprising the cooperative dwelling or dwellings………………………………………………………………….f
g.
Conveyances which consist of a deed of partition…………………………………………………….………………….…………..g
h.
Conveyances given pursuant to the federal Bankruptcy Act ………………………………………….………………….…………h
i.
Conveyances of real property which consist of the execution of a contract to sell real property without the
use or occupancy of such property, or the granting of an option to purchase real property, without the use
or occupancy of such property……………………………………………………………………………………………………….…I
j.
Conveyances of real property or a portion or portions of real property that are the subject of one or more of
the following development restrictions;
(a) An agricultural, conservation, scenic, or open space easement.
(b) Covenants or restrictions which prohibit the development where the property or
portion of property being conveyed has had its development rights permanently removed.
(c) A purchase of development rights agreement where the property or portion of property
being conveyed has had its development rights permanently removed.
(d) A transfer of development rights agreement, where the property being conveyed has had
its development rights removed.
(e) Real property subject to any locally adopted land preservation agreement…………………………………………….j
k.
Conveyances of real property, where the property is viable agricultural land as defined in subdivision (7) of Section 301
of the Agriculture and Markets Law and the entire property to be conveyed is to be made subject to one of the
development restrictions set forth in the preceding paragraph (j), provided that said development restriction
precludes the conversion of the property to a non-agricultural use for at least eight years from the date of transfer,
and said development restriction is evidenced by an easement, agreement, or other suitable instrument which is
conveyed to the Town simultaneously with the conveyance of the real property…………………………………………..k
l.
Conveyances of real property for open space, parks, or historic preservation purposes to any not-for-profit tax-
exempt corporation operated for conservation, environmental, or historic preservation purposes……………………………...l
m.
Conveyances made on or after August 1, 2007 but made pursuant to binding written contract executed prior to such date.
WRITTEN EVIDENCE OF RECORDING OF PURCHASE AGREEMENT, OR FIRST AND LAST PAGE OF SAID
AGREEMENT, MUST BE ATTACHED. BINDER NOT ACCEPTABLE
..............................................................................m
Signature (both the grantor(s) and grantee(s) must sign)
The undersigned certify that the above information contained in schedules A and B is to the best of his/her knowledge, true and complete
and authorize the person(s) submitting such form on their behalf to receive a copy for purposes of recording the deed or other
instrument effecting the conveyance.
Written documentation must be provided upon request of the Town of Red Hook.
__________________________________
_________
________________________________ ____________
Grantor Signature
Title
Grantee signature
Title
__________________________________
_________
________________________________ ____________
Grantor Signature
Title
Grantee signature
Title
Reminder:
Did you complete all of the required information in Schedules A and B?
Have you made your check(s) payable to the Dutchess County Clerk?
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