NYC Government Publication
Redacted Letter Rulings - Real Property Transfer Tax (RPTT)
Downloadable Content
Download PDFSale of a one family home with one office, categorized as tax Class 1 to reflect that the Property is used primarily for residential purposes, and having a building Code S1 (primarily 1 family with 1 store or office) consistent with the tax classification is taxed at a reduced rate of 1.425 percent when calculating the RPTT due upon the conveyance of the Property. In the absence of information suggesting the Department's classification of the Property as Class 1 is incorrect, that classification is controlling for RPTT purposes. #15-4975 5/13/16
- Agency
- Subject
- Report type
- Memoranda - Directive
- Date published
- 2016-10-17