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PECONIC BAY REGION COMMUNITY PRESERVATION FUND TOWN OF EAST HAMPTON APPLICATION FIRST-TIME HOMEBUYER?S EXEMPTION Schedule A Information Relating to Conveyance Name (individual: last, first, middle.

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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.

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. (Example: $750.00; Consideration = $4.00 tax.) Mansion Tax is due on all residential conveyances where the consideration is $1,000,000.00 or greater.

What is the CPF 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.

A copy of the new Peconic Bay Region Community Preservation Fund form is attached for conveyances occurring on or after 1/1/2023. For Conveyances occurring on or after April 1, 2023 the tax rate has been increased from 2.0% to 2.5% in East Hampton, Shelter Island, Southampton, and Southold.

Loading. What is the CPF 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.

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.

The CPF was established by voter referendum in 1998, when voters in the five East End Towns of Long Island — East Hampton, Riverhead, Shelter Island, Southampton and Southold — approved a new real estate transfer tax of 2% on each transaction occurring in these towns.

The increased allowance and the . 5% tax increase will go into effect on April 1, 2023. Effective April 1, 2023: With the exception of Riverhead, all transfers in the Peconic Bay Region on or after April 1, 2023, will be subject to an increased tax of . 5%.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232