Has been used to purchase open space and environmentally sensitive lands as a way to protect the quality of drinking water; Web the transfer tax dollars go to your town, to preserve the community character unique to the east end! The grantee is the person who is purchasing the real property or an interest therein. The peconic bay region community preservation fund (2% real estate transfer tax) is paid by the grantee. East hampton, riverhead, shelter island, southampton and southold only peconic bay region community preservation form:
East hampton riverhead shelter island southampton southold. Both the suffolk county clerk’s office letter advising of the changes and the new peconic bay community preservation fund transfer tax form may be found by clicking here cpf charges and peconic bay community preservation fund transfer tax form. Grantor(s) and grantee(s) must sign). Web the suffolk county clerk updated the peconic bay region community preservation fund form again to comply with the changes to the peconic bay tax, effective april 1, 2023.
Allowance 2 (see below) 3. 2% community preservation fund (of line 3) make certified check payable to. Property not subject to cpf tax (see schedule c)
Web take judicial notice: Grantor(s) and grantee(s) must sign). Exemption amounts and new restrictions as to property type and amount: 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 cpf form will be amended and made available in april for those conveyances on or after april 1, 2023.
$100,000.00 vacant land (unimproved) $ 75,000.00 vacant land (unimproved) 12. 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%. 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.
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The amount of tax would be $2,500. 2% community preservation fund (of line 3) make certified check payable to. Web rate of tax will remain at 2%; Web this form is valid for sales or transfers (date of conveyance) after december 31, 2023, but before january 1, 2025.
Taxable Consideration (Subtract Line 2 From Line 1) 4.
Web suffolk county government > elected officials > county clerk > recording > forms. Exemption amounts and new restrictions as to property type and amount: How do you calculate the 2% tax? (peconic bay region community preservation fund) for unimproved property $75,000 is exempt, so if the purchase price is $200,000 you would deduct $75,000 and would pay 2% on the balance of $125,000.
Web For These Three Towns, No Exemption Is To Be Applied To Transfers Greater Than Or Equal To $2,000,000.
Has been used to protect the water quality in the peconic bay and our local harbors and bays; Grantor(s) and grantee(s) must sign). Web when you’re buying a home in any of the 5 east end towns (east hampton, southampton, southold, riverhead, and shelter island), there is currently a 2% tax on real estate purchases, above certain minimum threshold levels. Please see this post for information on a possible amendment to the tax.
Must Be Printed On Legal Size (8 1/2 X 14) Paper.
The old form should still be used for transactions commenced prior to 4/1/23 but closed after 4/1/23. Enter amount of consideration for the conveyance (from line 1 tp584 schedule b) 2. Web proceeds of this transfer tax are disbursed to the townships in which the transaction takes place for its acquisition of land, development rights, and other interests in property for conservation purposes. Uniform form certificate of acknowledgement:
Current exemption amounts as of 4/1/2023. Web for these three towns, no exemption is to be applied to transfers greater than or equal to $2,000,000. Vincent puleo suffolk county clerk. Web suffolk county government > elected officials > county clerk > recording > forms. Conveyance is to the united nations, the united states of america, the state of new york or any of their instrumentalities,