Mortgage Tax Credit Affidavit Page 2
Download a blank fillable Mortgage Tax Credit Affidavit in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Mortgage Tax Credit Affidavit with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3The total mortgage tax paid on the aforementioned mortgage(s) was allocated as follows:
*Special
Mortgage
NYC Tax
Basic Tax
Additional
Additional
Total
Amount
1.75%
.50%
Tax
Tax
2.8%*
.30o/o
.25%
Mortgage A
$
Mortgage B
$
Mortgage C
$
Total
*No Credit
Allowed
*2.8% tax rate for NYC commercial mortgages securing $500,000 or more. Amend tax rate as applicable.
1. That the proceeds of the foregoing mortgages were applied exclusively to the construction of the
Unit and/or have been and/or are being used exclusively for capital expenditures or expenses for the
development or operation of the Condominium, or have been applied to the purchase of land or
buildings for the Condominium, which purchase was no more than two (2) years prior to the recording
of the Declaration of Condominium.
2. That the first condominium unit was sold within two years after the foregoing construction and/or
blanket mortgage(s) were recorded.
3. That pursuant to Section 339-ee(2) of the New York Real Property Law, the mortgage tax due and
payable on the aforementioned purchase money mortgage is computed follows:
C
B
A
Tax Due
&
Payable
Credit Allowed
Unit Mortgage Tax
(less than $500k)
(Total NYC Tax Pd x% of
NYC Tax Due
(Unit Mtg Amt x 1%) =
Common Elements) =
A-B=C
1.
NYC Tax
$
$
$
(Total Basic Tax Pd x% of
Basic Tax Due
(Unit Mtg Amt x .50%)=
Common Elements)=
A-B=C
Basic Tax
2.
$
$
$
(Total Addtl Tax Pd x
o/o
of
(Unit Mtg Amt x .30%)-
Addtl Tax Due
$30.00* =
Common Elements) =
A-B=C
3.
Additional Tax
$
$
$
4. Total Tax Due
Tax Due from Mortgagor:
From Mortgagor
+ C2 + C3)
(C1
$
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial