RP-5217NYC Transfer Report
NY Real Property Law § 333 (Real Property Transfer Report — Form RP-5217NYC)
Under NY Real Property Law § 333 (officially titled "When conveyances of real property not to be recorded"), a recording officer may not record a conveyance unless it is accompanied by a Real Property Transfer Report on the form prescribed by the Commissioner of Taxation and Finance — Form RP-5217NYC in New York City — and an original must accompany all deeds and correction deeds filed with the City Register or Richmond County Clerk, documenting sale price, parties, and tax map data. The statute requires an affirmation as to the report's accuracy by both the transferor (seller) and transferee (buyer), and a filing fee applies: $125 for qualifying residential (and farm) property and $250 for all other property.
Who must comply
Other DOF regulations
RPTT Rules (19 RCNY Ch. 23)
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
STAR
N.Y. Real Property Tax Law § 425 (Basic & Enhanced STAR)
Coop/Condo Property Tax Abatement
N.Y. Real Property Tax Law § 467-a
Co-op/Condo Tax Abatement
N.Y. Real Property Tax Law § 467-a; N.Y.C. Admin. Code § 11-245.4; 19 RCNY Ch. 50
ICAP
N.Y. Real Property Tax Law §§ 489-aaaaaa to 489-kkkkkk; NYC Admin. Code §§ 11-268 to 11-278; 19 RCNY Ch. 36
NYC Property Tax Classes & Assessment Caps
N.Y. Real Property Tax Law Art. 18 §§ 1801-1806 (esp. § 1802 classification, § 1805 assessment increase caps)
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