In all counties in the state of New York, there is a fee charged for filing Form RP-5217-PDF, the Real Property Transfer Report. For farm and residential properties, this fee is $125. For all other properties, it is $250.
According to the State of New York's Department of Taxation and Finance, qualifying residential property must satisfy at least one of the following conditions:
- The property classification code assigned to the property on the latest final assessment roll, as reported on the transfer report form (item 18), indicates that the property is a one, two, or three family home or a rural residence. These codes will be three digit numbers in the 200s or item 7 indicates that the property is one-, two- or three- family residential property.
- The transfer report form (item 7) indicates that the property is one, two, or three family residential property that has been newly constructed on vacant land (item 9). This property will have a property classification code (item 18) in the 300s.
- The transfer report form indicates that the property is a residential condominium. This property will have an ownership code of C or D after the property classification code in item 18 or item 8 indicates a condominium.
When running a quote in LodeStar, the filing fees for real property transfer are bundled into the Deed Fee in Section E:
In the above screenshot example, the $205 Deed Fee includes the $125 filing fee for residential/farm properties.
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