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  • Form Tp-584.2: October 1996

Get Form Tp-584.2: October 1996

TP-584.2 (10/96) Recording Of?ce Time Stamp Real Estate Transfer Tax Return For Public Utility Companies and Governmental Agencies Easements and Licenses This form may only be used by public utility.

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How to fill out the Form TP-584.2: October 1996 online

Filling out the Form TP-584.2: October 1996 can seem complicated, but this guide will lead you through each component systematically. This form is designated for public utility companies and governmental agencies to record easements and licenses with specific consideration limits.

Follow the steps to complete the Form TP-584.2 online.

  1. Press the ‘Get Form’ button to access the form and open it for editing.
  2. Begin by entering the name of the grantee, which is the public utility company or governmental agency receiving the easement or license.
  3. If applicable, provide the federal employer identification number for the grantee in the designated field.
  4. Enter the address of the grantee in the respective field to ensure accurate correspondence.
  5. Fill in the name and telephone number of a contact person for the grantee to facilitate communications.
  6. List the names of the grantors of the easement or license in the specified section.
  7. Input the address of the property associated with the easement or license accurately.
  8. Indicate the consideration given for the easement or license, ensuring it does not exceed $500.00.
  9. If there are multiple conveyances to record, number them sequentially, up to fifteen, in the designated area.
  10. If additional conveyances exceed the fifteen listed, attach a schedule detailing these extra conveyances.
  11. Upon completion, the grantee must certify their status as a regulated public utility or governmental agency in the appropriate section.
  12. The designated representative of the grantee, such as a partner or governmental official, must sign and provide their title.
  13. Review all entered information for accuracy, ensuring all required fields are completed.
  14. Once verified, save changes to the form, then proceed to download or print it for submission.
  15. Share the completed form with relevant parties as necessary for processing.

Complete your Form TP-584.2 online today for efficient documentation.

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Some counties in the US levy what is known as an "optional" transfer tax. ... A recording fee is normally a small flat amount while mortgage recording taxes are a percentage of the sale price, like transfer taxes. Taken together, all these fees can end up constituting a significant chunk of your mortgage closing costs.

Form TP-584 must be used to comply with the filing requirements of the real estate transfer tax (Tax Law Article 31); the tax on mortgages (Tax Law Article 11), as it applies to the Credit Line Mortgage Certificate; and the exemption from estimated personal income tax (Tax Law Article 22), as it applies to the sale or ...

The first is a transfer tax on each conveyance of real property where the consideration is more than $500. This tax, which applies to all types of real property in New York, is charged at the rate of 0.4% and is typically paid by the seller.

Who Pays Escrow Fees Buyer or Seller? Typically, this cost is split between the buyer and seller, although it can be negotiated that one party will pay all or nothing. There is no specific rule for who pays the escrow fees, so speak to the seller of your future home or your real estate agent to work out who will pay.

In California, the seller traditionally pays the transfer tax. Depending on local market conditions, transfer taxes can become a negotiating point during closing. For instance, in a strong seller's market, the seller may have multiple offers and will likely find a buyer who agrees to pay the transfer tax.

Who Pays Transfer Taxes: Buyer or Seller? Depending on the location of the property, the transfer tax can be paid either by the buyer or seller. The two parties must determine which side will cover the cost of the transfer tax as part of the negotiation around the sale.

The home buyer's escrow funds end up paying for both the home owner's and lender's policies. Upon closing, the cost of the home owner's title insurance policy is added to the seller's settlement statement, and the lender's title insurance policy is covered by the buyer before closing.

In New York, the seller of the property is typically the individual responsible for paying the real estate transfer tax. However, if the seller doesn't pay or is exempt from the tax, the buyer must pay.

(a) The following shall be exempt from payment of the real estate transfer tax: 1. The state of New York, or any of its agencies, instrumentalities, political subdivisions, or public corporations (including a public corporation created pursuant to agreement or compact with another state or the Dominion of Canada). 2.

Tax rate. Tax is computed at a rate of two dollars for each $500, or fractional part thereof, of consideration. An additional tax of 1% of the sale price ("mansion tax") applies to residences where consideration is $1 million or more.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232