WebDec 2, 2014 · The First-Time Homebuyer Exemption to the Peconic Bay Real Estate Transfer Tax. Since 1998, New York’s Tax Law § 1449-aa et seq. has allowed the five East End towns to impose upon buyers of certain real estate in those towns a 2% real estate transfer tax (the “Peconic Bay real estate transfer tax”) in order to fund the Peconic Bay … WebJul 7, 2024 · meanings: (a) “Peconic Bay region” means the towns of East Hampton, Riverhead, Shelter Island, Southampton and Southold. What is the mortgage recording tax in Suffolk County NY? Mortgage Tax is equal to 1.05% of the total mortgage amount (minus a $30.00 deduction if applicable) which consists of the following: Basic Mortgage Tax is . …
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Webthe first $250,000 (East Hampton, Southampton, Shelter Island or $150,000 (Riverhead, Southold) of the purchase price of a house or building ($100,000/$75,000 for unimproved …
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