Stop the Brookhaven Transfer Tax (Oyster Bay, Huntington: sale, insurance, house prices)

[TomMoser]

On Tuesday, November 6th it is essential to come out and make your voice heard! Vote NO on the Transfer Tax! VOTE NO to Proposal #3. Please help spread the word to your family, friends, neighbors etc. For more information on this very important issue, please go to Stop the Brookhaven Home Tax!

[OhBeeHave]

Originally Posted by TomMoser

On Tuesday, November 6th it is essential to come out and make your voice heard! Vote NO on the Transfer Tax! VOTE NO to Proposal #3. Please help spread the word to your family, friends, neighbors etc. For more information on this very important issue, please go to Stop the Brookhaven Home Tax!

The transfer tax is completely insane. If the town wishes to preserve open land, all they need to do is say, "NO!" to developers and tighten up zoning.

[clamboy]

Sorry Tom
I support the Community Presevation Fund
(I think that website is for RE Agents by RE Agents)

The only dissent weve really heard on the fund has been from RE Agents in Broohaven.
I do beleive it will pass by an overwhelming majority.

Sorry brother but you guys have already sold most of Huntington out.
We'd really like to hang onto whatevers left out here.

Now if we could just keep the Feds away form the Sound and stop Broadwater.
Its ironic to me that after we passed the last open space initiative ...the Feds came in and looking to industrialize the Sound.

Whats next ...Shoreham 2.0?


C

[TomMoser]

Don't complain about unaffordable housing if you allow polititions to remove land from the tax rolls, thereby increasing the burden on everyone else. Don't compain about not getting the money you want when you sell the house because the poltitions are collecting 2% extra from the buyer that could have been going to you. Often, the problem is that, as Long Islanders, we like to have it both ways. Don't say I didn't warn you.

[clamboy]

Originally Posted by TomMoser

Don't complain about unaffordable housing if you allow polititions to remove land from the tax rolls, thereby increasing the burden on everyone else. Don't compain about not getting the money you want when you sell the house because the poltitions are collecting 2% extra from the buyer that could have been going to you. Often, the problem is that, as Long Islanders, we like to have it both ways. Don't say I didn't warn you.

Good points.

Its a hell of a lot more expensive to educate the McMansions.

The last time I checked, they werent buliding any more open space.

I'll take my chances.


Lets agree to disagree
: )

C

[Astrantia]

I don't live in Brookhaven but if I did, I would vote against this tax for sure. I hope it doesn't pass, but the fact that the adjacent town(s) already have one (i.e. Riverhead) doesn't bode well.

It's hard enough to sell a home on LI because of our onerous property taxes and insurance rates (my homeowners premium DOUBLED earlier this year because I live less than a mile from the bay and for no other reason; no other insurance company will touch my house ... believe me I tried to find one!) So whoever eventually buys my house will need to have deeper pockets than the average. Sellers don't need another negative market influence on their property!!

(and btw I am not a "greedy seller"; I will actually lose a substantial amount of money on my house if the market doesn't improve over the next couple of years)

I'm not a realtor, nor do I play one on TV, but I agree with Tom Moser and with anyone else who is sick and tired of the housing market on Long Island taking hit after hit after hit: high house prices, high school taxes, high insurance rates, and now a non-deductible transfer tax? It's time to JUST SAY NO to the things we DO have some measure of control over! I hope the voters in Brookhaven say no, because I'd hate to see the trend spread to any other townships to the west.

[OhBeeHave]

Originally Posted by clamboy

Sorry Tom
I support the Community Presevation Fund
(I think that website is for RE Agents by RE Agents)

The only dissent weve really heard on the fund has been from RE Agents in Broohaven.
I do beleive it will pass by an overwhelming majority.

Sorry brother but you guys have already sold most of Huntington out.
We'd really like to hang onto whatevers left out here.

Now if we could just keep the Feds away form the Sound and stop Broadwater.
Its ironic to me that after we passed the last open space initiative ...the Feds came in and looking to industrialize the Sound.

Whats next ...Shoreham 2.0?


C

A friend on another board pointed out something: in order to preserve open space, you have to have a seller who is willing to work with what the town has to offer. The owners of the sod farm are probably getting some nice numbers from the Tall Grass developer. Even if the town had funds available, the developer could probably outbid them. Sellers are usually looking to get the most money for their property.

Having money in a fund created by further taxing the sale of a home is no guarantee of preserving open property.

[clamboy]

Originally Posted by OhBeeHave

A friend on another board pointed out something: in order to preserve open space, you have to have a seller who is willing to work with what the town has to offer. The owners of the sod farm are probably getting some nice numbers from the Tall Grass developer. Even if the town had funds available, the developer could probably outbid them. Sellers are usually looking to get the most money for their property.

Having money in a fund created by further taxing the sale of a home is no

guarantee of preserving open property.

They whored that parcel out..Foley had to repay many favors.

They couldve easily added covenants and restictions to that parcel and made it a hell of a lot less valuable.

TOB bent over for the PDD(in record time I might add)

Shoreham will be Sh1tham shortly ala 25a Miller Place
(say that 3 times fast)

I salute Councilman Mccarricks efforts...albeit in vain.

C

[rockypointny]

Originally Posted by clamboy

They whored that parcel out..Foley had to repay many favors.

They couldve easily added covenants and restictions to that parcel and made it a hell of a lot less valuable.

TOB bent over for the PDD(in record time I might add)

Shoreham will be Sh1tham shortly ala 25a Miller Place
(say that 3 times fast)

I salute Councilman Mccarricks efforts...albeit in vain.

C

Maybe this fund should be confined to certain zipcodes, rather than Brookhaven as a whole. Each Hamlet could present any remaining open space to the community, and why it is necessary to preserve it. I doubt you'll find many people in Ronkonkoma or Selden wanting to preserve open space that doesn't effect their community. Rocky Point has preserved the maximum amount of open space it can, so we wouldn't benefit either. Could they tax the transfer of homes in designated areas like Manorville, Yaphank, Middle Island, Ridge, that would directly benefit from Town acquisition of open space?

[OhBeeHave]

Originally Posted by rockypointny

Maybe this fund should be confined to certain zipcodes, rather than Brookhaven as a whole. Each Hamlet could present any remaining open space to the community, and why it is necessary to preserve it. I doubt you'll find many people in Ronkonkoma or Selden wanting to preserve open space that doesn't effect their community. Rocky Point has preserved the maximum amount of open space it can, so we wouldn't benefit either. Could they tax the transfer of homes in designated areas like Manorville, Yaphank, Middle Island, Ridge, that would directly benefit from Town acquisition of open space?

Making sure I am reading this right: all funds generated within a zip code would remain within that zip code -- yes?

The only little problem I could see with that is that in an area with more reasonably priced homes, they tax generated would be less than in an area of more expensive or overpriced homes. Just a hunch that they're relying on one to balance out the other.

400K home vs 750K home =
400K-250K =150K *2% = $3,000.00
or
750K-250K=500K*2%= $10,000
A difference of $7K.
But then again the population density of an area combined with available housing stock might make up for the difference.

All I know is that it amounts to another amount the buyer has to pay at closing. Between saving up for a deposit and closing costs, to add another several thousand dollars or more might make it difficult for people looking to purchase.

I believe I saw something about Oyster Bay (Village?) on News12 concerning a preservation fund. There was a small tax added to the bill that has gradually risen from about $18 per home per year to $43. The amount of space they've conserved is commendable. Everyone pays their fair share, there is no unjust burden to one sector of the market.

I would sooner pay $50 per year to help preserve land as opposed to seeing homebuyers nailed at closing and homesellers having to drop their prices to lure in buyers all because of a potentially prohibitive tax.

(For the record: I am not selling, buying a home. I am not a RE agent, either.)