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What is the new transfer tax in the Peconic Bay?

Effective April 1, 2023, the Peconic Bay Transfer Tax was increased from 2% to 2.5% of consideration in the Towns of East Hampton, Shelter Island, Southampton and Southold (not in the Town of Riverhead) to allow for the formation of the Community Housing Fund.

What towns pay Peconic Bay tax?

The five East End towns of the Peconic Bay Region in Suffolk County, New York are East Hampton, Shelter Island, Southampton, Riverhead, and Southold.

What is the Peconic Bay region tax?

The CPF tax, or the Peconic Bay Region Community Preservation Fund Tax is a 2.5% transfer tax (including a 0.5% Peconic Bay Community Housing Fund Tax) on all real property in the Town of Southampton.

What is the Peconic Bay region?

Peconic Bay gives its name to the proposed Peconic County, which would comprise the eastern portion of existing Suffolk County surrounding Peconic Bay and would include the five easternmost towns: East Hampton, Riverhead, Shelter Island, Southampton, and Southold.

What towns are in the Peconic Bay?

Towns East Hampton. Riverhead. Shelter Island. Southampton. Southold.

peconic bay transfer tax form 2023

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