Recording
Title Closer
$100 to $500
$500 to $1,500
TITLE COSTS
Transfer Tax
Recording Fees
$4.00 per $1,000 of Purchase Price
MISCELLANEOUS COSTS
Adjustments: Taxes & Fuel
New Construction: Transfer Tax & Other Fees can become Buyer Costs
1. Only charged on purchases of improved residential property of $1M or more. 2. Most residential buyers pay 0.8% and lender pays 0.25% unless commercial, construction, or investment when lenders can pass on the 0.25% to buyer.
3. Peconic Tax A. Tax is calculated on Purchase Price, less exempt amount as follows:
* These charges depend on the transaction, price, or fees negotiated between you and your advisors.
IS AN UPDATED CERTIFICATE OF OCCUPANCY REQUIRED ON CHANGE OF OWNERSHIP
Dering Harbor Village No
East Hampton Town Yes
Greenport Village No
Riverhead Town No
Shelter Island Town No
Southampton Town No
Southold Town No
West Hampton Dunes No
East Hampton Village Yes
North Haven Village Yes
Quogue Village Yes
Sag Harbor Village Yes
Sagaponack Village Yes
• Application for updated c/o’s require submission of fee, current survey, and application.
• East End buyer attorneys typically require an updated c/o at closing.
• Municipality’s Issuance of an updated c/o does not mean it inspected plumbing, heating or other system.
• Counsel should be sought from a land use specialist.
Dering Harbor Village Yes ($150) No Transient Rentals
East Hampton Town Yes ($100 for 2 years) 2 weeks plus limit of 2 rentals under 2 weeks every 6 months East Hampton Village Yes ($0) 30 days. And
Westhampton Beach Yes ($150 for 30 days or less. $250 over 30 Days) terms from 5/19/30 None
• Application for rental permits/registry require submission of application, fee, and typically c/o and survey.
The information contained herein is provided as a courtesy. It is to be used as a guideline and is not to be substituted for a thorough analysis by land use professionals. It is not intended to be relied on as legal advice, and if reviewed by others, does not form an attorney client relationship with any party reviewing same.