Yonkers Return Form PDF Details

When engaging in real estate transactions within the vibrant city of Yonkers, parties on both sides of the deal—sellers and buyers—find themselves navigating the intricacies of the Yonkers Real Property Transfer Tax Return. This document, a key piece of compliance governed by the city's Finance Department, outlines the financial responsibilities tied to the transfer of property. Set against a legal backdrop shaped by several ordinances across decades, the form encapsulates details ranging from the basic—names and addresses of the involved parties—to the complex, such as allocation of consideration for properties straddling Yonkers' boundaries. Critical instructions including the necessity for a certified check payable to the City of Yonkers, and the allocation of tax based on assessed valuations, emphasize the form's role in the city's fiscal health. More than just a tax document, the form serves dual purposes: ensuring that the city's tax and water billing records are updated with the correct names and addresses post-transfer. Penalties for late payment outlined in the document underscore the importance of timeliness, while provisions for exemptions offer a nuanced approach to tax liabilities. Designed to complement the physical transfer of deeds with a financial acknowledgment of the transaction, this form embodies the procedural thoroughness required for property transfers within Yonkers, balancing between tax policy and practical real estate considerations.

QuestionAnswer
Form NameYonkers Return Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesyonkers return taxes, how to yonkers property tax, yonkers transfer form, property transfer return

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CITY OF YONKERS

REAL PROPERTY TRANSFER TAX RETURN

FINANCE DEPARTMENT

PURSUANT TO CHAPTER 15 TAXES, ARTICLE V, GENERAL ORDINANCE 8-1973 AS AMENDED

BY G.O. 4-1984, G.O. 10-1989, G.O. 3-1998 and G.O. 7-2005

 

 

 

 

 

 

 

 

(Grantor: )

 

 

 

 

 

MAKE CERTIFIED CHECK PAYABLE TO

 

 

 

 

 

CITY OF YONKERS

 

Name

 

 

 

 

 

 

 

 

 

 

 

CITY HALL – TAX OFFICE ROOM 108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40 SOUTH BROADWAY, YONKERS, NY 10701

 

 

 

 

 

 

 

Address

City

 

State

Zip

 

 

 

 

 

 

 

 

Wiring information: Sterling National Bank Getty

(Grantee)

 

 

 

 

 

Square Office | 61 South Broadway Yonkers NY

 

Name

 

 

 

 

 

10701 | ACCOUNT NAME: City of Yonkers

 

 

 

 

 

 

 

Transfer Tax | ABA#021909300 | ACCOUNT #

 

 

 

 

 

 

 

0324910701 | Email paperwork To:

Address

City

 

State

Zip

Transfertax@YonkersNY.gov

(Grantor’s

 

 

 

 

 

NOTE: FILING OF THIS RETURN DOES NOT

 

 

 

 

 

CONSTITUTE NOTICE TO THE CITY OF

Att’y)

 

 

 

 

 

YONKERS TO CHANGE THE ADDRESS FOR

 

Name

Address

City

State

Zip

PROPERTY TAXES OR WATER BILLING.

 

 

 

 

 

 

 

PROPERTY OWNERS MUST PROVIDE A

(Grantee’s

 

 

 

 

 

WRITTEN NOTICE ADVISING THE CITY OF

Att’y)

 

 

 

 

 

CORRECT NAME AND MAILING ADDRESS.

 

 

 

 

 

 

 

Name

Address

City

State

Zip

SEND PROPERTY TAX MAILING ADDRESS TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY OF YONKERS

 

 

 

 

 

 

 

 

 

LOCATION OF PROPERTY TRANSFERRED

 

 

ASSESSMENT OFFICE

 

 

 

 

 

 

 

CITY HALL - ROOM 100

Address:

 

 

 

 

 

40 SOUTH BROADWAY

 

 

 

 

 

 

 

YONKERS, N.Y. 10701

 

 

 

 

 

 

 

SEND WATER BILLING MAILING ADDRESS TO:

City Tax Map

Section

Block

Lot

 

 

CITY OF YONKERS

 

 

 

 

 

 

 

DATE OF DELIVERY OF DEED TO GRANTEE:

 

 

 

WATER BILLING OFFICE

 

 

 

CITY HALL - ROOM 102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40 SOUTH BROADWAY

 

 

 

 

 

 

 

YONKERS, N.Y. 10701

 

 

COMPUTATION OF TAX

 

 

 

 

NOTES:

 

 

 

 

 

 

1.If item 1 is $25,000 or less, enter zero in items 3 and 5. If exemption is claimed, attach a notarized AFFIDAVIT OF EXEMPTION and SUPPORTING DOCUMENTATION showing grounds for exemption.

2.Where the transfer is by a corporation in liquidation or to a corporation in exchange for capital stock, complete Schedule B on Page 2.

1.Total Consideration Paid or Required to be Paid

2.Allocated Consideration Subject to Tax (Schedule A)

3.Tax Due-1.5% of Item 1 or 2 Whichever is Applicable

4.Add – Penalty and Interest

5.Total Tax, Penalty and Interest Due

AFFIDAVIT OF GRANTOR

I swear (or affirm) that this return including the accompanying schedules or statements, has been examined by me, and is to the best of my knowledge and belief, a true and complete return, made in good faith, pursuant to Chapter 15, Article V, of the General Ordinance 8-1973 as amended by G.O. 4- 1984, G.O. 10-1989, G.O. 3-1998 and G.O. 7-2005

Sworn to and subscribed to before me this

 

day of

 

 

 

 

 

(Name of Grantor)

 

 

 

 

 

 

Signature of Officer Administering Oath

 

 

 

 

(Signature of owner, partner, officer of corporation, etc.)

AFFIDAVIT OF GRANTEE

I swear (or affirm) that this return including the accompanying schedules or statements, has been examined by me, and is to the best of my knowledge and belief, a true and complete return, made in good faith, pursuant to Chapter 15, Article V, of the General Ordinance 8-1973 as amended by G.O. 4- 1984, G.O. 10-1989, G.O. 3-1998 and G.O. 7-2005

Sworn to and subscribed to before me this

 

day of

 

 

 

 

 

(Name of Grantee)

 

 

 

 

 

 

Signature of Officer Administering Oath

 

 

 

 

(Signature of owner, partner, officer of corporation, etc.)

REV. 07-2018

 

SCHEDULE A

 

 

Item

ALLOCATION OF CONSIDERATION WHERE THE PROPERTY TRANSFERRED IS SITUATED

No.

PARTLY WITHIN AND PARTLY WITHOUT THE CITY OF YONKERS

6.Consideration (Item 1, Page 1) ……………………………………………………………………………………….

7.* Total Assessed Valuations of Property Situated Within and Without the City of Yonkers ……………………….

8.Deduct – Assessed Valuations of Property Situated Outside the City of Yonkers …………………………………..

9.Assessed Valuation of Property Situated Within the City of Yonkers ………………………………………………..

10.Percentage of Total Assessed Valuations of Property Attributable to Property Situated Within the City of Yonkers (Item 9 ÷ Item 7) ……………………………………………………………………………………………………..

11.Allocated Consideration Subject to Tax (Item 6 x Item 10) …………………………………………………………

(enter as Item 2, Page 1 of Return)

*NOTE:

The assessed valuations to be used are those in effect at the time of transfer of property. In lieu of assessed valuations, the equalized valuations may be used provided that they are applied to the property both within and without the City of Yonkers.

Balance Sheet of Grantor

Grantee

(Check Applicable Box)

SCHEDULE B

as of

NOTE: If the transfer is in liquidation of a corporation, the financial statement of the grantor is required as of the date nearest the date of transfer and before the liquidation.

If the transfer is to a corporation in exchange for its capital stock, the financial statement of the grantee is required as of the date immediately after the effective date of the transfer. The balance sheet data required by this schedule may be attached as a separate rider to the return in lieu of completion of this schedule or if more space is required.

ASSETS (Itemize: )

$

Total Assets

LIABILITIES PLUS CAPITAL (Itemize: )

$

Total Liabilities plus Capital

This completed return must be filed with the Comptroller of the City of Yonkers.

The tax due thereon must be paid within seven (7) days after delivery of the deed by the grantor to the grantee but before the recording of such deed. A return must be filed by both the grantor and the grantee whether or not a tax is due thereon and although the consideration for the deed is $25,000 or less

IMPORTANT:

Penalty of 8% of the tax due for the first month of delay plus interest at the rate of 1% of such tax for each additional month of delay must be added if payment is not made on or before the due date.

REV. 07-2018

How to Edit Yonkers Return Form Online for Free

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Step 1: Click the "Get Form" button above. It will open our pdf tool so you can begin filling out your form.

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As for the fields of this particular form, this is what you should do:

1. The yonkers property tax requires specific details to be entered. Ensure the following fields are complete:

Step number 1 for submitting property transfer return

2. Immediately after the prior array of fields is done, go on to type in the applicable information in these: Where the transfer is by a, Total Consideration Paid or, Allocated Consideration Subject, Tax Due of Item or Whichever is, Add Penalty and Interest, Total Tax Penalty and Interest Due, I swear or affirm that this return, AFFIDAVIT OF GRANTOR, Sworn to and subscribed to before, day of, Signature of Officer Administering, Name of Grantor, Signature of owner partner officer, I swear or affirm that this return, and AFFIDAVIT OF GRANTEE.

day of, Name of Grantor, and Signature of owner partner officer inside property transfer return

3. This next step is pretty simple, Item No, ALLOCATION OF CONSIDERATION WHERE, PARTLY WITHIN AND PARTLY WITHOUT, Consideration Item Page, Total Assessed Valuations of, Deduct Assessed Valuations of, Assessed Valuation of Property, Percentage of Total Assessed, Allocated Consideration Subject, enter as Item Page of Return, NOTE The assessed valuations to be, SCHEDULE B, Balance Sheet of Grantor, Grantee, and as of - each one of these fields has to be filled in here.

Completing segment 3 in property transfer return

People often make errors while completing ALLOCATION OF CONSIDERATION WHERE in this section. Ensure that you double-check what you enter right here.

4. This next section requires some additional information. Ensure you complete all the necessary fields - If the transfer is to a, Total Assets, LIABILITIES PLUS CAPITAL Itemize, This completed return must be, Total Liabilities plus Capital, and The tax due thereon must be paid - to proceed further in your process!

Stage no. 4 for filling in property transfer return

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