Featured Story
02/12/14 10:46am

 

AMBROSE CLANCY PHOTO | The Town Board works session turned again to regulating rentals used for weddings. From left, Councilwoman Chris Lewis, Councilman Paul Shepherd, Supervisor Jim Dougherty, and Councilmen Peter Reich and Ed Brown.

AMBROSE CLANCY PHOTO | The Town Board work session turned again to regulating rentals used for weddings. From left, Councilwoman Chris Lewis, Councilman Paul Shepherd, Supervisor Jim Dougherty, and Councilmen Peter Reich and Ed Brown.

For the second week in a row, the Town Board discussed what a homeowner can do with his/her property, especially when it comes to renting it. (more…)

Featured Story
01/30/14 1:00pm

 

JULIE LANE PHOTO |  The ZBA approved a special permit to renovate this house at 54G West Neck Road.

JULIE LANE PHOTO |
The ZBA approved a special permit to renovate this house at 54G West Neck Road.

As expected, the Zoning Board of Appeals Wednesday night approved a special permit for Andreas Hommert to renovate a house at 54G West Neck Road, but turned down a request to locate an air conditioning unit and generator in a lean-to attached to the back of the house. (more…)

08/28/13 8:17am

AMBROSE CLANCY PHOTO | Shelter Island Assessor Al Hammond at Tuesday’s Town Board work session reporting on an application for a tax refund.

Two people who purchased property in December were unaware they paid a tax they were exempt from and want their money back.

The Town Board agrees with them and is instituting a new policy.

At Tuesday’s Town Board work session, Assessor Al Hammond told the board the new homeowners paid a 2 percent tax on real estate sale prices that goes to fund open space, called the Community Preservation Fund. But there’s an exemption to the tax for first time homeowners who have a salary of $127,320 or less and buy a property that is worth $665,080 or less.

The buyers in question met both criteria, Mr. Hammond said, and should be entitled to a refund of $7,750.

“They weren’t negligent,” Mr. Hammond said. “They were not informed they could be exempted from the two percent tax.”

Mr. Hammond added he believed the homeowners were entitled to a refund. He made the case that the $7,750 was never Shelter Island’s to begin with since Suffolk County collects the 2 percent receipts and then gives it back to the East End towns that participate in Community Preservation Fund programs.

“The return of this money would not be a burden on the tax payers of Shelter Island because it was not in the budget to begin with,” Mr. Hammond said.

Cautioning that he was speaking only in “ball park numbers,” Mr. Hammond reported that since January 1, there had been 41 properties sold on the Island for about $39.3 million. By law, the first $250,000 of any purchase is deductible for the 2 percent tax. Giving back $7,750 “is not a burden in any sense in purchasing open space,” Mr. Hammond said.

Town Attorney Laury Dowd, who has drafted a proposal that there be a one year grace period allowing a refund for people who mistakenly paid the tax, said it was true that buying property is often an overwhelming experience and people overlook details. But all purchasers sign a 2 percent tax form where exemptions are listed “if you had the time to read it,” she said.

“I agree it’s a small amount of money,” Ms. Dowd said, but added that all 2 percent money is used in town decisions to target properties to preserve.

Nevertheless, she believed it was fair to give purchasers a year to get money back they paid that they didn’t owe.
The board was in agreement and will most likely vote on a resolution on the matter at the Town board meeting Friday, August 30.

Mr. Hammond said he was preparing “a package” explaining the 2 percent tax in detail and would give it to all real estate offices on the Island.