The law only effects residents in Mount Vernon, Peekskill and Yonkers. Conveyance papers presented for recording now must be supported by a stamped receipt provided by the relevant municipality if any portion of the property conveyed lies in Mount Vernon, Peekskill or Yonkers.
The county's property records system automatically will generate a bar-coded cover page that must accompany the local transfer tax receipt. No additional recording fee is due in connection with the submission of the local transfer tax receipt, but a stamped receipt is required whether or not local transfer tax is due. The local transfer tax will continue to be paid directly to the local municipality.
Questions about the change can be directed to (914) 995-3111.
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