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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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Please contact the Suffolk County Planning Department via e-mail: firstname.lastname@example.org, telephone: (631) 853-5191.
Click on the link below to get to the Housing Department webpage.
This information can be found in the Land Preservation folder in Weblink.