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Form RP-457 Application for Real Property Tax Exemption for First-Time Homebuyers of Newly Constructed Homes - New York
What Is Form RP-457?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: Who can apply for the RP-457 Application for Real Property Tax Exemption?
A: First-time homebuyers of newly constructed homes in New York.
Q: What is the purpose of the RP-457 Application?
A: To apply for a real property tax exemption for first-time homebuyers of newly constructed homes.
Q: What is the eligibility criteria for the tax exemption?
A: The applicant must be a first-time homebuyer and the home must be newly constructed.
Q: What documents do I need to submit with the application?
A: You will need to provide proof of purchase, proof of residency, and other supporting documents as required.
Q: What is the deadline for submitting the application?
A: The application must be filed with the assessor's office within 30 days of moving into the newly constructed home.
Q: What benefits are provided by the tax exemption?
A: The tax exemption can provide a reduction in property taxes for eligible first-time homebuyers of newly constructed homes.
Q: Is the tax exemption permanent?
A: The tax exemption may be subject to certain conditions and restrictions, and it may expire after a specified period of time.
Q: Can I apply for the tax exemption if I am not a first-time homebuyer?
A: No, the tax exemption is specifically for first-time homebuyers of newly constructed homes.
Form Details:
- Released on January 1, 2002;
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form RP-457 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form RP-457 Application for Real Property Tax Exemption for First-Time Homebuyers of Newly Constructed Homes - New York
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