RPTT Rules (19 RCNY Ch. 23)
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
The NYC Department of Finance rules (19 RCNY Chapter 23) implementing the Real Property Transfer Tax, covering imposition of the tax, the treatment of deeds that merely confirm title already vested in the grantee, transfers of controlling economic interests (50% or more), and the "mere change" exemption where beneficial ownership in the real property remains the same. These rules supplement and implement Administrative Code Title 11, Chapter 21.
Who must comply
Other DOF regulations
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)
RP-5217NYC Transfer Report
NY Real Property Law § 333 (Real Property Transfer Report — Form RP-5217NYC)
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