Winter 2011Issue 10
Prestige Title Agency, Inc.

Prestige Title eNews

Winter 2011

Wishing everyone a happy, healthy and prosperous new year!

- Anthony Chiellino, President 

RCandRPContinuing Lien Deduction


In this issue of the Newsletter, we will take a look at the Continuing Lien Deduction as set forth under the New York State Real Property Transfer Tax and the New York City Real Property Transfer Tax. One of the unfortunate aspects of conveyances of real estate in New York is the payment of transfer tax imposed by both New York State and New York City. Both New York State and New York City take different approaches as to the Continuing Lien Deduction and it is important to keep in mind the nuances between the two taxing authorities.



If you have any questions or would like further information regarding any of the articles in this newsletter, please contact Anthony Chiellino at (212) 651-1200 or [email protected].  
Also, if there are any topics that you would like us to include in future newsletters, please feel free to e-mail us with suggestions at [email protected]  
In This Issue
Did you know that Prestige Title handles Commercial transactions nationwide?
Please contact Anthony Chiellino for further details at (212) 651-1200 or [email protected].

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AIOIAdditional Items of Interest

Nassau County - Recording Fees Increase - Click Here


Westchester County - City of Peekskill Transfer Tax - Click Here

Prestige Title Agency, Inc. provides Commercial and Residential Title Services Nationwide. For more information, please contact Anthony Chiellino at (212) 651-1200 or [email protected]

15 W. 39th St. � 10th Fl. � New York, NY 10018 � Tel (212) 651-1200 � Fax (212) 651-1201
Member of New York State Land Title Association � Member of American Land Title Association