Peconic bay region form instructions 2026

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  1. Click ‘Get Form’ to open the Peconic Bay Region form in the editor.
  2. Begin by filling out Schedule A. Enter the names and Social Security Numbers of both the grantor and grantee, ensuring you select the appropriate type (Individual, Corporation, Partnership, etc.).
  3. Provide mailing addresses for both parties and include the location and description of the property being conveyed. Make sure to fill in the tax map designation details accurately.
  4. In Schedule B, compute the tax due by entering the amount of consideration for the conveyance. Follow through with any allowances applicable to your situation.
  5. Check any exemptions that apply in Part II of Schedule B. Ensure all relevant boxes are marked clearly.
  6. Finally, both grantor and grantee must sign at the bottom of the form to certify its accuracy before submission.

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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.
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.
All towns in Peconic Bay, with the exception of Riverhead, impose a transfer tax rate of 2.5%. This was increased from 2% in 2023 to create a community housing fund.
(a) Peconic Bay region means the towns of East Hampton, Riverhead, Shelter Island, Southampton and Southold.
For the fiscal year 2023-24, the secured property tax rate in San Francisco is 1.17769382%. This percentage is applied to the assessed value of your property to determine your tax liability.

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The New York mansion tax is a real estate transfer tax originally introduced in 1989 as a flat 1% tax on properties exceeding $1 million.
Transfer Tax is due on all conveyances with consideration greater than $500.00. The amount of tax is computed at $2.00 per $500.00, or any fraction thereof.