Sentences with phrase «percent real estate transfer tax»

Mr. Thiele is most widely known as the architect of the Peconic Bay Community Preservation Fund, a land preservation program in the five East End towns that is funded through a 2 percent real estate transfer tax.

Not exact matches

East End state Assemblyman Fred Thiele (I - Sag Harbor) called the proposal «bold and unprecedented,» noting that it builds on the recent extension of the Community Preservation Fund, a 2 percent tax on real estate transfers in the five East End towns that was enacted in the late 1990s and now features a provision mandating that 20 percent of those monies be used toward water quality initiatives.

In a surprise move, British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, action intended to calm soaring prices.

The 3 percent transfer tax that our buyers pay as a chip into the pot has been critical for this small tourist, development, and real estate — dependent market.

The closing cost is usually 3 percent of the sales price; this includes the attorney fees and real estate transfer taxes.