Form RP-520/551 "Notice to Tax Levying Body of Transfer of Exempt Real Property (Rptl, Section 520) or Omitted Taxable Property (Rptl, Section 551)" - New York

What Is Form RP-520/551?

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. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 1995;
  • 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;

Download a fillable version of Form RP-520/551 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.

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Download Form RP-520/551 "Notice to Tax Levying Body of Transfer of Exempt Real Property (Rptl, Section 520) or Omitted Taxable Property (Rptl, Section 551)" - New York

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RP-520/551 (1/95)
NYS DEPARTMENT OF TAXATION & FINANCE
OFFICE OF REAL PROPERTY TAX SERVICES
NOTICE TO TAX LEVYING BODY OF TRANSFER OF
EXEMPT REAL PROPERTY (RPTL, SECTION 520) OR
OMITTED TAXABLE PROPERTY (RPTL, SECTION 551)
(Instructions on reverse side)
TO: ________________________________________
DATE____________________________
FOR ASSESSOR’S USE
1. Parcel Id No. ________________________
2. _______________________________________________________
Name of Owner
_______________________________________________________
Address
3. Assessment added to:
__________ Tentative roll (RPTL, Sec. 551)
_________ Final roll (RPTL, Sec. 553)
4. Classification of parcel:
__________ a. Omitted from previous assessment roll (RPTL, Sec. 551)
__________ b. Transferred, formerly exempt property (RPTL, Sec. 520)
If “b” identify __________________________ Former Owner _____________________ Former Exemption
______________________________________ Date of Transfer
5. Notice of Assessed Value and Right to Review sent on: ________________________________
6.
Fiscal year(s), or portion thereof, for which parcel was added to the current assessment roll: ____________________________
7.
Assessed value of property subject to taxation: ____________________________________
_________________________
_______________________________________________________________
Date
Signature of Assessor/Chairman Board of Assessors
FOR TAX LEVYING BODY’S USE
Computation of Tax
FOR BOTH RPTL, SECTIONS 520, 551 USE
FOR RPTL, SECTION 520 ONLY
TAX PURPOSES
RATE/M x ASSESSED VALUE=TAX
FRACTION OF FISCAL
TAX AFTER PRO
YEAR SUBJECT TO
RATING
TAX
TOTAL TAX ______________________________
Date _________________
__________________________________________
Clear Form
RP-520/551 (1/95)
NYS DEPARTMENT OF TAXATION & FINANCE
OFFICE OF REAL PROPERTY TAX SERVICES
NOTICE TO TAX LEVYING BODY OF TRANSFER OF
EXEMPT REAL PROPERTY (RPTL, SECTION 520) OR
OMITTED TAXABLE PROPERTY (RPTL, SECTION 551)
(Instructions on reverse side)
TO: ________________________________________
DATE____________________________
FOR ASSESSOR’S USE
1. Parcel Id No. ________________________
2. _______________________________________________________
Name of Owner
_______________________________________________________
Address
3. Assessment added to:
__________ Tentative roll (RPTL, Sec. 551)
_________ Final roll (RPTL, Sec. 553)
4. Classification of parcel:
__________ a. Omitted from previous assessment roll (RPTL, Sec. 551)
__________ b. Transferred, formerly exempt property (RPTL, Sec. 520)
If “b” identify __________________________ Former Owner _____________________ Former Exemption
______________________________________ Date of Transfer
5. Notice of Assessed Value and Right to Review sent on: ________________________________
6.
Fiscal year(s), or portion thereof, for which parcel was added to the current assessment roll: ____________________________
7.
Assessed value of property subject to taxation: ____________________________________
_________________________
_______________________________________________________________
Date
Signature of Assessor/Chairman Board of Assessors
FOR TAX LEVYING BODY’S USE
Computation of Tax
FOR BOTH RPTL, SECTIONS 520, 551 USE
FOR RPTL, SECTION 520 ONLY
TAX PURPOSES
RATE/M x ASSESSED VALUE=TAX
FRACTION OF FISCAL
TAX AFTER PRO
YEAR SUBJECT TO
RATING
TAX
TOTAL TAX ______________________________
Date _________________
__________________________________________
Clear Form
Signature of Chief Fiscal Officer
RP-520/551 (1/95)
2
INSTRUCTIONS
Form RP-520-551 may be used to report the addition of transferred property formerly exempt from
taxation (RPTL, Section 520) or omitted property (RPTL, Section 551) to the appropriate tax levying
body. The tax levying body should be identified at the top of the form.
The following information about the property should be provided.
Item 1. Identification of the parcel as it appears on the tentative or final assessment roll.
Item 2. The name and mailing address of the current owner.
Item 3. Whether the parcel has been initially added to the tentative or final assessment roll.
Item 4. Whether the parcel was omitted from the preceding year’s assessment roll or was exempt from
taxation before transfer. If the parcel was formerly exempt, provide the name of the former owner, the
nature of the exemption and the date of transfer.
Item 5. The date on which the Notice of Assessed Value and Right to Review was sent to the current
property owner.
Item 6. The fiscal year(s), or portions thereof, for which the parcel was added to the current assessment
roll.
Item 7. The assessed value of the parcel for the current or preceding year subject to taxation on the
current year(s) roll.
The chart provided may be used by the tax levying body to compute the total tax liability for an omitted
parcel or the pro rated liability for a formerly exempted parcel.
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