FAQs • Southold, NY • CivicEngage

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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. The amount of tax would be $2,500. For improved property $200,000 is exempt.

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Land Preservation

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1. Who do I contact if I have questions concerning the Suffolk County Preservation Program or properties subject to a County Easement?: Please contact the Suffolk County Planning Department via e-mail: planning@suffolkcountyny.gov, telephone: (631) 853-5191.
http://www.suffolkcounty.gov/Departments/Planning.

2. 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.

3. 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. The amount of tax would be $2,500. For improved property $200,000 is exempt.

4. Where do you pay the 2% tax? (Peconic Bay Region Community Preservation Fund): The 2% tax is paid to the Suffolk County Clerk’s Office, 310 Center Drive, Riverhead, NY 11901; when a new deed is filed transferring ownership.

5. Where can I find information regarding the Community Preservation Fund First-time Homebuyer Tax Exemption?: Click on the link below to get to the Housing Department webpage.
Housing Department

6. Where can I find a copy of the recorded Town of Southold Development Rights Easement?: This information can be found in the Land Preservation folder in Weblink.