NY A02085

Recording officers and county treasurers must distribute mortgage recording tax revenues to counties and New York City on or before the tenth day of each month.

Counties outside New York City must allocate net revenue balances to tax districts according to the location of real property covered by mortgages on which taxes were collected.

Counties may elect to distribute mortgage tax revenues on a monthly, quarterly, or semi-annual basis, with corresponding reporting deadlines for the recording officer and county treasurer.

Monthly distributions require reports by the fifteenth of each month with board of supervisors warrant issuance by the fifteenth of the following month.

Quarterly distributions require reports by the fifteenth of May, August, November, and February, with warrant issuance by the fifteenth of June, September, December, and March, respectively.