Mortgages should be recorded in the Office of the County Clerk of the county in which the real property being mortgaged is located. When recording a mortgage, it is your lender's responsibility to take the proper steps to ensure that the document meets all of the legal requirements for recording.
Agency: New York State Department of Taxation and Finance. Phone Number: (518) 457-5181. Business Hours: Monday - Friday: AM - PM. Staff is available through the automated phone system during business hours. Automated assistance is also available in Cantonese, Mandarin, Russian, and Spanish.
To reach the Tax Commission by telephone, please call (212) 669-4410. If your call relates to a specific property, please make sure to provide the borough, block and lot of the property when you call.
To appeal the assessed value and/or tax class of your property, or the denial or revocation of a not-for-profit exemption, you must file a completed "Application for Correction" appeal form and any other forms or information to the NYC Tax Commission in person or by mail by the deadlines.
Contact the Department of Finance. Call 311 or 212-NEW-YORK (212-639-9675) for help.
Calculating the Mortgage Recording Tax Rate On residential property worth $500,000 or less, the tax is 2.05%. On a property of $500,001 and above, the rate rises to 2.175%. In each case, the mortgage lender pays 0.25% of the tax while the borrower pays the rest.
The City Sales Tax rate is 4.5%, NY State Sales and use tax is 4% and the Metropolitan Commuter Transportation District surcharge of 0.375% for a total sales and use tax of 8.875 percent.
To reach the Tax Commission by telephone, please call (212) 669-4410. If your call relates to a specific property, please make sure to provide the borough, block and lot of the property when you call.
More info about NYC Department of Finance 350 St Marks Pl. Staten Island, NY 10301. (212) 639-9675.