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NEW YORK CITY DEPARTMENT OF FINANCE Number: PROPERTY DIVISION - SURVEYOR UNIT F I N ANCE NEW OF YORK THE CITY NEW YORK ? Application for Condominium Apportionment DEPAR TMENT OF FINANCE nyc.gov/finance.

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How to fill out the Rp 602c online

The Rp 602c form, also known as the application for condominium apportionment, is designed to facilitate the process of dividing a condominium's real estate properly. This guide will provide step-by-step instructions on how to fill out this form online effectively.

Follow the steps to complete the Rp 602c form online.

  1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Enter the location particulars in the appropriate fields, including the borough, section, volume, block, and lot number. Ensure that these details are accurate for proper identification of the property.
  3. Complete the information section by providing the name and address of the condominium. Make sure to fill in the correct details to avoid any processing issues.
  4. Input the name of the sponsor(s) and check the corresponding box to indicate the type of sponsor, whether they are an individual, corporation, partnership, LLC, or other. Ensure to provide the correct address for the sponsor(s).
  5. Fill in the Employer Identification Number or Social Security Number as required. If there are multiple sponsors, use Schedule 1 on page 2 to provide their details.
  6. Indicate whether the sponsor has purchased, owned, or sold any other real estate in New York within the last five years by selecting yes or no. If yes, complete Schedule 2, also on page 2.
  7. Proceed to fill in the necessary certification and details regarding the condominium record. This includes providing the condominium number and details of the assessment.
  8. Finally, review all the information entered for accuracy. Save any changes made to the form, and then download, print, or share it as needed to submit your application.

Complete your Rp 602c application online today and ensure all details are submitted accurately.

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Dividing lots into two or more individual lots is called a lot subdivision or lot apportionment. In NYC this must be filed with DOF and often with DOB. Depending on the zoning there may be regulations including minimum lot width and lot area that must be adhered to in order to divide the property.

A tax lot is a parcel of land identified with a unique borough, block and lot number for property tax purposes. A zoning lot comprises one or more adjacent tax lots within a block.

Calculating your annual NYC property taxes For this example we'll use a Class 1 home with a market value of $500,000 and assessment ratio of 6%. Using the figures above, the tax rate is 21.045%. In this example you would owe a total of $6,313.50 annually in property taxes or roughly $526 monthly.

Filing for a Lot Merger in NYC When merging lots in NYC you will need to file with DOB and DOF if you are planning a new building or if there are existing buildings on the property. You will begin the process with DOF by filing an RP602 in order to get a tentative tax lot number.

To estimate your annual property tax: Multiply the taxable value of your property by the current tax rate for your property's tax class. Property tax rates change each year, as well as the value of exemptions and abatements. The actual taxes you pay in July might be different.

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