N.Y. Tax Law § 1205 — Imposition of taxes on deeds in the city of Mount Vernon

§ 1205. Imposition of taxes on deeds in the city of Mount Vernon. (a)\nNotwithstanding any provision of law to the contrary, the local\ngoverning body of the city of Mount Vernon, by the adoption and\namendment of local laws, ordinances or resolutions may impose in such\ncity and provide for the administration and collection of a tax on deeds\nby which real property is conveyed in such city in the manner set forth\nand as authorized in subdivision (b) of this section.\n (b) There is hereby imposed in the city of Mount Vernon a tax on each\ndeed by which any real property is conveyed (measured by the\nconsideration or value of the interest or property conveyed) at a rate\nnot to exceed one and one-half percent of such consideration or value\nwith respect to all conveyances, provided that such city may allow\ndeductions for any liens on such interest or property and may also allow\nan exemption not in excess of one hundred thousand dollars on the\nconsideration or value of the interest or property conveyed. Provided,\nfurther, that such taxes shall not apply if the contract for any such\nconveyance was made prior to September first, nineteen hundred\neighty-four. Such taxes may be imposed on any conveyance or transfer of\nreal property or interest therein by deed where the real property is\nlocated in such city regardless of where transactions, negotiations,\ntransfers of deeds or other actions with regard to the transfer or\nconveyance take place, subject only to the restrictions contained in\nsection twelve hundred thirty. The payment of, and the filing of a\nreturn relating to, any such taxes may be required as a condition\nprecedent to the recording of a deed.\n