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Who is exempt from Peconic Bay tax?

The CPF tax or the Peconic Bay Region Community Preservation Fund Tax is a 2% transfer tax on all real property in the Town of Southampton. The first $100,000 of a vacant, unimproved parcel is exempt from the tax and the first $250,000 of an improved parcel is exempt from the tax.

Which townships are covered by Peconic Bay Region?

meanings: (a) "Peconic Bay region" means the towns of East Hampton, Riverhead, Shelter Island, Southampton and Southold.

Who is exempt from Peconic Bay tax?

The CPF tax or the Peconic Bay Region Community Preservation Fund Tax is a 2% transfer tax on all real property in the Town of Southampton. The first $100,000 of a vacant, unimproved parcel is exempt from the tax and the first $250,000 of an improved parcel is exempt from the tax.

Who pays the Peconic Bay transfer tax?

Who pays the Two-Percent Real Estate Transfer Tax? The Peconic Bay Region Community Preservation Fund (2% real estate transfer tax) is paid by the grantee. The grantee is the person who is purchasing the real property or an interest therein.

Is the Peconic Bay transfer tax deductible?

The CPF Tax is not a deductible charitable contribution \u2014 it is a Transfer Tax. The Peconic Bay Region Community Preservation Fund (CPF) is a public program managed by each of the five East End Towns for the protection of farmland, open space, and community character.

peconic bay region community preservation fund form

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What is the Peconic Bay transfer tax?

The CPF tax or the Peconic Bay Region Community Preservation Fund Tax is a 2% transfer tax on all real property in the Town of Southampton. The first $100,000 of a vacant, unimproved parcel is exempt from the tax and the first $250,000 of an improved parcel is exempt from the tax.

Who pays Peconic Bay tax?

Who pays the Two-Percent Real Estate Transfer Tax? The Peconic Bay Region Community Preservation Fund (2% real estate transfer tax) is paid by the grantee. The grantee is the person who is purchasing the real property or an interest therein.

Is the Peconic Land tax deductible?

to preserve the community character unique to the East End! The Peconic Land Trust does not collect or distribute the CPF funds. The CPF Tax is not a deductible charitable contribution \u2014 it is a Transfer Tax.

Is the Peconic Bay transfer tax deductible?

The CPF Tax is not a deductible charitable contribution \u2014 it is a Transfer Tax. The Peconic Bay Region Community Preservation Fund (CPF) is a public program managed by each of the five East End Towns for the protection of farmland, open space, and community character.

Which townships are covered by Peconic Bay Region?

meanings: (a) "Peconic Bay region" means the towns of East Hampton, Riverhead, Shelter Island, Southampton and Southold.

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Is the Peconic Bay transfer tax deductible?

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