Why Do I Need to Sign a Real Estate Transfer Tax Form in New York?
Full Question:
Answer:
A real estate transfer tax form is filed when there is a transfer of property. If the mother is transferring ownership to you as a grantee, then your name will be on the real estate records as an owner who will be liable for property taxes. Typically, a person who is granted a power of attorney with authority for real estate transactions may transfer property of the principal. This is an act that may be done by an agent after the POA is created, but is not necessary to the creation of the POA. It is unclear whether the mother transferred the property or did so through an agent. I suggest you contact the recorder’s office in the county where the property is located to determine if and by whom as transfer was made or consult a local attorney who can review all the facts and documents involved.
If you have questions about the filing of multiple forms, I suggest referring to the contact information at the following link, as filing requirements vary by local area:
http://www.nystax.gov/nyshome/how_to_reach.htm
See also:
http://www.nystax.gov/pdf/2010/inc/it2663i_2010.pdf
http://www.nystax.gov/forms/real_prop_tran_cur_forms.htm
