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New York Peconic Bay Region Community Preservation Fund First-Time Homebuyers Exemption Application

Category:
New York Statewide - Real Estate - Title - Transfer and Mortgage Recording Tax
State:
New York
Control #:
NY-SKU-3105
Format:
PDF
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Description

Peconic Bay Region Community Preservation Fund First-Time Homebuyers Exemption Application The New York Iconic Bay Region Community Preservation Fund (CPF) First-Time Homebuyers Exemption Application provides eligible first-time homebuyers in the Iconic Bay Region with a special exemption when purchasing a home. This exemption reduces the transfer tax due at closing on a home purchase in a CPF community. The application must be completed and submitted to the local assessor’s office in order to be eligible. There are two types of New York Iconic Bay Region CPF First-Time Homebuyers Exemption Applications. The first is the Re acquisitionon Exemption,” which allows eligible first-time homebuyers who are reacquiring a home they previously owned to receive an exemption of up to $7,500. The second type is the “First-Time Homebuyers Exemption,” which allows eligible first-time homebuyers to receive an exemption of up to $2,000. In either case, applicants must provide proof of income, be a first-time homebuyer, and purchase a home in a CPF community.

The New York Iconic Bay Region Community Preservation Fund (CPF) First-Time Homebuyers Exemption Application provides eligible first-time homebuyers in the Iconic Bay Region with a special exemption when purchasing a home. This exemption reduces the transfer tax due at closing on a home purchase in a CPF community. The application must be completed and submitted to the local assessor’s office in order to be eligible. There are two types of New York Iconic Bay Region CPF First-Time Homebuyers Exemption Applications. The first is the Re acquisitionon Exemption,” which allows eligible first-time homebuyers who are reacquiring a home they previously owned to receive an exemption of up to $7,500. The second type is the “First-Time Homebuyers Exemption,” which allows eligible first-time homebuyers to receive an exemption of up to $2,000. In either case, applicants must provide proof of income, be a first-time homebuyer, and purchase a home in a CPF community.

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New York Peconic Bay Region Community Preservation Fund First-Time Homebuyers Exemption Application
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