FOR IMMEDIATE RELEASE
December 13, 2024
City of Kingston Community Preservation Fund in Effect December 15, 2024
KINGSTON, NY – Mayor Steven T. Noble is pleased to announce that, effective December 15, 2024, the City of Kingston’s Community Preservation Fund is now in effect. This ballot measure was passed on November 5, 2024, with overwhelming community support.
The Community Preservation Fund allows the City of Kingston to protect open spaces and natural resources, environment, and community by developing a reliable, ongoing source of funding without increasing annual property taxes to support local for parks, trails, land conservation, and historic preservation.
The fund is generated by a tax in the amount of 1.25%, on the purchase of property that exceeds the Ulster County median sale price (currently $376,500). The revenue generated by the fund supports the purchase of land and conservation easements to protect water resources, preserve historic properties, develop trail systems, protect ecological resources, and other similar land conservation activities.
Mayor Noble said, “We are pleased to see the Community Preservation Fund go into effect, after years of planning and preparation. This funding will go a long way in preserving our local natural resources for future generations. After passing handily on the ballot, we know Kingston residents have prioritized the safekeeping of our parks, nature preserves, wildlife refuges, outdoor recreation areas, and historic assets.”
Going forward, anyone purchasing real estate or property located in the City of Kingston will be required to file a Transfer Tax Form with the Ulster County Clerk and pay the required amount of tax due, if any, to that office.
More information about how to file the Transfer Tax form can be found at the Ulster County Clerk’s website here: https://clerk.ulstercountyny.gov/countyclerk/land-records/recording-deed
The final Community Preservation Plan can be found here, and more information on the planning efforts is available at https://engagekingston.com/community-preservation-plan.