Sample Mortgage Statement For Taxes In Suffolk

State:
Multi-State
County:
Suffolk
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Sample Mortgage Statement for Taxes in Suffolk is a crucial document for understanding mortgage obligations related to tax payments. This statement outlines the necessary tax information and payment details specific to the Suffolk area, making it especially useful for stakeholders involved in real estate transactions. Key features of the form include sections for identifying the property, calculating total taxes owed, and noting any escrow amounts. Filling out this form requires clear details about the property and adequate documentation of payments made. Legal professionals such as attorneys and paralegals will find this form helpful in managing client mortgage inquiries or addressing tax-related issues efficiently. Additionally, this document serves as a resource for property owners, partners in real estate transactions, and associates who may need to prepare or review financial documents related to mortgages. Legal assistants can utilize this sample to ensure compliance with tax requirements and simplify the mortgage management process for clients. Overall, this statement not only aids in tax preparation but also in maintaining accurate financial records for mortgage holders.

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FAQ

How do I obtain a copy of my property deed? Property deeds are recorded in the Suffolk County Clerk's Office in Riverhead, NY. The direct phone number is (631) 852-2000.

The Record & Return To box (number 6) on the Suffolk County Recording and Endorsement Form must be properly completed for the timely return of your recorded mortgage. NOTE: Must be printed on legal size (8 1/2 x 14) paper. Mortgage Tax is computed by a formula based on 1.05% of the amount of the mortgage.

A: Online order forms from the Suffolk County Clerk can be found at or you can contact the Suffolk County Clerk's office via telephone at 631-852-2000.

If you need another copy of your mortgage statement, you can get one through contacting your lender. Many lenders offer access to past statements through an app or online banking portal. Alternatively, you may be able to call your lender or visit a branch to get a copy.

From your web browser: Sign in to your online bank. Click Overview in the main menu. Select your mortgage account. Click Download my eStatements. Follow the instructions.

You can get your mortgage info by going to your lender's website. Other documents, like your monthly mortgage bills and your Closing Disclosure (or HUD-1), will also have some of this information. Your lender should send you a 1098 by January 31.

Mortgage Tax is computed by a formula based on 1.05% of the amount of the mortgage. If mortgage amount is less than $10,000.00, mortgage tax is figured at three-quarters percent.

The typical Suffolk County homeowner pays $10,000 annually in property taxes. That is due, in part, to high home values, as the median value in the county is $413,900. Even so, the average effective property tax rate in Suffolk County is 2.42%, far above both state and national averages.

If you itemize your deductions on Schedule A (Form 1040), only include the personal part of your deductible mortgage interest on Schedule A (Form 1040), lines 8a or 8b.

The Record & Return To box (number 6) on the Suffolk County Recording and Endorsement Form must be properly completed for the timely return of your recorded mortgage. NOTE: Must be printed on legal size (8 1/2 x 14) paper. Mortgage Tax is computed by a formula based on 1.05% of the amount of the mortgage.

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Sample Mortgage Statement For Taxes In Suffolk