How much transfer tax might you pay when selling a home in Peconic Bay?
$

New York State Transfer Tax Rate

0.4% of home price

State Transfer Tax Estimate

$0.00

Peconic Bay Local Transfer Tax Rate

2.5% of property value

Local Transfer Tax Estimate

$0.00

Total Transfer Tax Estimate

0.00% of home price

$0.00

Peconic Bay Transfer Tax Information:

  • • NY Mansion Tax: 1% additional tax on properties over $1 million
  • • Peconic Bay Local: 2.5% of property value (increased from 2% in 2023)
  • • Applies to Southampton, Southold, East Hampton, and Shelter Island
  • • Riverhead does not impose the local transfer tax
  • • Local tax funds community housing initiatives
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This calculator provides estimates only and should not be considered financial advice. Actual costs may vary based on specific circumstances and negotiated terms.