Taxes & Insurance in East Hampton
East Hampton applies New York State's own graduated income tax with no added village income tax, a genuinely low village assessment ratio that offsets extreme home values, and the East End's real, distinctive Peconic Bay CPF transfer tax and elevated direct-ocean insurance exposure.
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Learn moreNew York State's graduated income tax, verified with no added village layer
New York State's 2026 income tax runs 9 brackets, 4.0%-10.9%. This record verifies, per this project's own New York manifest research, that East Hampton levies no separate local village income tax.
A genuinely low assessment ratio mechanically offsets extreme home values
East Hampton Village's own residential assessed value runs approximately 2%-4% of true market value -- a real, directly cited, village-specific figure that drives the village's own effective property tax rate on market value well below the Suffolk County-wide average of 1.7%-1.85%, despite the village's own extreme home values.
The Peconic Bay CPF: a real, distinctive East End-only transfer tax
A real, buyer-paid 2.5% combined transfer tax applies directly within the Town of East Hampton, with allowances of $400,000 (improved) or $100,000 (unimproved) -- and NO allowance at all above $2 million.
Genuinely elevated direct-ocean insurance exposure
New York's statewide average homeowners premium runs $1,554-$1,683/year, but this project's own new-york.js record separately documents nearby Montauk's ZIP code (11930, within the same Town of East Hampton) as the state's single most expensive, at roughly $3,332/year -- and East Hampton village's own direct Atlantic Ocean beach frontage means its own premiums likely run well above the statewide average too.
Key takeaways
- New York State's 4.0%-10.9% graduated income tax applies with NO separate East Hampton village income tax.
- A genuinely low 2%-4% village assessment ratio drives the effective property tax rate well below the Suffolk County average.
- The Peconic Bay CPF transfer tax (2.5% combined) is a real, distinctive East End-only buyer cost, with no allowance above $2 million.
- Direct Atlantic Ocean frontage means homeowners insurance likely runs well above New York's statewide average.
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