News on Mortgage Recording Tax/NYS Transfer Tax

15 Jun
Pn-rate

Image via Wikipedia

The New York State Department of Taxation and Finance has announced that the interest rate to be charged for the period of July 1, 2011 through Sept 30, 2011 on late payments and the assessments of mortgage recording tax and the State’s Real Estate Transfer Tax will be 8% per annum, compounded daily.  The interest rate to be paid on refunds of those taxes will be 3% per annum, compounded daily. 

The interest rates are published at www.tax.ny.gov/pay/all/int_curr.htm

 

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