Form Mt-15 - Mortgage Recording Tax Return Page 2
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1
2MT-15 (10/02) (back)
Instructions
Line 1
Enter the respective totals for columns 1a, 1b, 1c, 1d,
Line 11
When computing the tax ratio, follow the instructions for
and 1e.
line 7 to determine the number of decimal places for the
amount on line 11.
Line 3
Enter the amount of the mortgage, rounded to the
nearest hundred dollars. When rounding this figure to
Line 14
Enter in decimal form the New York City tax rate from
the nearest hundred dollars, if the value to be rounded is
the rate schedule below for the type of mortgage being
$50 or less, round down. If the value is $50.01 or
recorded (.01, .01125, or .0175).
greater, round up.
Line 16
Compute the tax ratio by dividing line 15 by line 2.
Line 4
Compute the basic tax due by multiplying line 3 by .005.
Follow the instructions for line 7 to determine the
number of decimal places for the amount on line 16.
Line 5
In cases where the mortgage is of real property
principally improved or to be improved by a one- or
Line 20
When computing the tax ratio, follow the instructions for
two-family residence or dwelling, subtract $10,000
line 7 to determine the number of decimal places for the
from the amount on line 3 and enter the balance on
amount on line 20.
line 5.
Line 7
When computing the tax ratio, use the following to
determine the number of decimal places for the amount
on line 7.
If line 2 is:
On line 7 use:
Less than $150.00
6 decimals
If you have any questions or require technical assistance
From $150.01 to $1,500.00
7 decimals
with Form MT-15, please call (518) 457-0556.
From $1,500.01 to $15,000.00
8 decimals
From $15,000.01 to $150,000.00
9 decimals
From $150,000.01 to $1,500,000.00
10 decimals
From $1,500,000.01 or more
11 decimals
Rate schedule
(Rate for each $100 and remaining major fraction thereof of principal debt secured by a mortgage)
Mortgage recording tax rate in New York City counties of Bronx, Kings, New York, Queens, and Richmond imposing the basic,
additional, special additional, and New York City tax
New York
Special
City
Basic
additional
Additional
Total
All mortgages securing less than $500,000
$1.00
$ .50
$ .25
$ .25
$2.00
Mortgages of a 1-, 2-, or 3-family dwelling, an individual
condominium unit, and an individual cooperative
apartment securing $500,000 or more
$1.125
$ .50
$ .25
$ .25
$2.125
All other mortgages securing $500,000 or more
$1.75
$ .50
$ .25
$ .25
$2.75
Counties imposing the basic and special additional tax only ($.75)
Allegany
Hamilton
St. Lawrence
Chautauqua
Herkimer
Schoharie
Chemung
Jefferson
Schuyler
Chenango
Lewis
Seneca
Columbia
Madison
Steuben
Cortland
Montgomery
Sullivan
Delaware
Oneida
Tioga
Franklin
Ontario
Tompkins
Fulton
Orleans
Ulster
Greene
Otsego
Yates
Counties imposing the basic, additional, and special additional tax only ($1.00)
Albany
Monroe
Saratoga
Cattaraugus
Nassau
Schenectady
Cayuga
Niagara
Suffolk
Clinton
Onondaga
Warren
Dutchess
Orange
Washington
Erie
Oswego
Wayne
Essex
Putnam
Westchester*
Genesee
Rensselaer
Wyoming
Livingston
Rockland
* If the real property covered by the mortgage is located in whole or in part of the city of Yonkers, the rate is $1.50.
Mortgage recording tax rate in Broome County imposing the basic, special additional, and Broome County tax
Broome
Special
County
Basic
additional
Total
$1.00
$ .25
$ .50
$ .25
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