CONDOMINIUM AFFIDAVIT
CREDIT FOR MORTGAGE TAX UNIT ________
STATE OF NEW YORK )
) SS:
COUNTY OF _________ )
_____________________________, BEING DULY SWORN DESPOSES AND SAYS AS FOLLOWS:
1. THAT HE IS THE CO-SPONSOR OF A CONDOMINIUM OFFERING PLAN FOR ________________
CONDOMINIUMS LOCATED IN THE TOWN OF ___________, STATE OF NEW YORK.
2. THAT THE DECLARATION OF CONDOMINIUM FOR _____________________ WAS RECORDED IN THE
OFFICE OF THE CLERK OF THE COUNTY OF ROCKLAND ON THE ______ DAY OF ____________, 19____ IN
INSTRUMENT NO. ________________.
3. THAT PURSUANT TO SECTION 339-EE(2) OF THE NEW YORK REAL PROPERTY, A CREDIT IS REQUESTED
AGAINST THE MORTGAGE TAX ON THE FIRST PURCHASE MONEY MORTGAGE IN THE PRINCIPAL SUM OF
___________ MADE BY _____________________________________ TO
_______________________________A LIEN ON UNIT NO. _________ IN
____________________________ CONDOMINIUM WHICH MORTGAGE IS OFFERED HEREWITH FOR RECORDING,
BECAUSE OF MORTGAGE TAXES PREVIOUSLY PAID IN THE AGGREGATE AMOUNT OF
_______________________ UPON THE RECORDING OF BLANKET MORTGAGES COVERING THE PROPERTY
COMPRISING THE CONDOMINIUM SHOWN ON THE ATTACHED SCHEDULE A.
4. THAT PURSUANT TO THE AFOREMENTIONED DECLARATION OF CONDOMINIUM UNIT NO. ________ HAS AN
APPURTENANT INTEREST IN THE COMMON ELEMENTS OF THE CONDOMINIUM OF 4.787%.
5. THAT PURSUANT TO THE AFOREMENTIONED SECTION 339-EE(2) OF THE REAL PROPERTY LAW, THE
PARTIES TO THE MORTGAGE OFFERED HEREWITH FOR RECORDING ARE ENTITLED TO A MORTGAGE TAX
CREDIT COMPUTED AS FOLLOWS:
| BASIC NEWYORK STATE TAX OF ‡ OF 1% ON NEW MORTGAGE OF $_________ |
$______________ |
LESS |
|
| CREDIT ALLOWED OF 4.787% (PERCENTAGE INTEREST OF UNIT IN COMMON ELEMENTS OF CONDOMINIUM) OF $_____________ | $_______________ |
| BASIC NEW YORK STATE TAX DUE (NO. I LESS NO. II) | $_______________ |
PLUS |
|
| ADDITIONAL TAX º OF 1% OF NEW MORTGAGE AMOUNT | $_______________ |
LESS |
|
| EXEMPTION FOR FIRST $10,000.00. | $_______________ |
LESS |
|
| CREDIT ALLOWED OF 4.787% (PERCENTAGE INTEREST OF UNIT IN COMMON ELEMENTS OF CONDOMINIUM) OF $_________ |
$________________ |
| ADDITIONAL TAX DUE (NO. IV LESS NO. V AND NO. VI) | $_______________ |
| MORTGAGORS PORTION OF TAX DUE (NO. III PLUS NO. VII | $_______________ |
| º OF 1% PAYABLE BY MORTGAGEE PURSUANT TO SECTION 253 OF THE TAX LAW |
$_______________ |
| TOTAL TAX DUE AND TENDERED HEREWITH | $_______________ |
SAID CREDIT IS BASED ON THE PRODUCT OF THE APPURTENANT PERCENTAGE INTEREST OF THE UNIT
COVERED BY THE MORTGAGE OFFERED FOR RECORDING IN COMMON ELEMENTS OF THE CONDOMINIUM AS
DISCLOSED IN THE DECLARATION OF CONDOMINIUM AND IN THIS MORTGAGE.
WHEREFORE, IT IS HEREBY REQUESTED THAT, PURSUANT TO SECTION 339-EE(2) OF THE REAL PROPERTY
LAW AND SECTION 253 OF THE TAX LAW, THAT THE MORTGAGE OFFERED HEREWITH FOR RECORDING BE
DECLARED EXEMPT FROM TAXATION TO THE EXTENT INDICATED ABOVE AND THAT THE SAID MORTGAGE BE
ACCEPTED FOR RECORDING UPON PAYMENT OF THE SUM OF
$______________ WHICH IS TENDERED HEREWITH ON BEHALF OF THE MORTGAGOR
AND THE SUM OF
$______________ WHICH IS TENDERED HEREWITH ON BEHALF OF THE MORTGAGEE.
_________________________________________________________________________________
SWORN TO BEFORE ME THIS
_______ DAY OF _________, 19___.
______________________________
NOTARY
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